Zimbabwe Minister Signals Step Back Over Black Ownership Law
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Zimbabwe has no plan to force all foreign-owned companies to sell or cede 51 percent of their shares to black Zimbabweans, and will work on a new model to ensure locals have a stake in the economy.
“We’re not taking 51 percent of anyone’s money,” Finance Minister Patrick Chinamasa told reporters in the capital, Harare, yesterday. “There’s no one-size-fits-all.”