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White businessmen forced to give blacks 51% controlling interest in their firms watch

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    White business executives in Zimbabwe will be forced to ensure that blacks have a 51-per-cent controlling interest in their companies within the next five years, according to a draconian new law published Tuesday.

    The so-called "Indigenisation and Economic Empowerment" regulations say that by mid-April, all businesses have to submit a form detailing the racial composition of their current shareholding to the government. Based on the declaration, the government would assess how much of the company's shareholding had to be "ceded" to "indigenous Zimbabweans."

    Any business missing the deadline faces a maximum penalty of five years in jail, according to the regulations.

    A yet-to-be-named "minister of indigenisation" would keep a list of candidates to whom shares could be ceded.

    http://www.earthtimes.org/articles/s...#ixzz0f9s7fx1m
    You won't hear about this from the corporate news, ask why.
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    Is that Alan Partridge as your dp?
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    I am against this
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    I thought you were all for indigenous supremacy kickflip? :rolleyes:
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    (Original post by Aeolus)
    I thought you were all for indigenous supremacy kickflip? :rolleyes:
    Haha! Exactly this.
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    zimbabwe is a messed up country and I could not care less about it.
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    If this were happening here to the 'indigenous' Caucasians, you'd probably be happy, Kickflip.
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    (Original post by Aeolus)
    I thought you were all for indigenous supremacy kickflip? :rolleyes:
    Owned.

    If it were in Britain I'd be angry, but as it is in Africa it is really up to them. In fact I'm for it because white people go there, take their stuff then leave so why shouldn't they look after their own? Besides, why would you want a business in Africa unless it is about taking their Oil?
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    (Original post by Kickflip)
    You won't hear about this from the corporate news, ask why.
    Because Zimbabwe is well known to be already incredibly ****** up and so people have lost interest? It is all about Haiti and Honduras now
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    In Zimbabwe... Don't really know what one would expect to happen with Mugabe in charge..
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    (Original post by Kickflip)
    You won't hear about this from the corporate news, ask why.
    If you support the BNP then you must surely support this - returning economic power to the indigienous population is kind of the BNPs deal isn't it?

    Oh wait no, you're just racist.
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    See how everybody shrugs and says Zimbabwe is messed up things like that happen there or you would do the same. You make me puke, you're on their side.
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    Haha OP is owned. Hypocrite.
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    (Original post by Kickflip)
    See how everybody shrugs and says Zimbabwe is messed up things like that happen there or you would do the same. You make me puke, you're on their side.
    trading places?
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    (Original post by Kickflip)
    See how everybody shrugs and says Zimbabwe is messed up things like that happen there. You make me puke.
    Actually, most posters in this thread remarked on the apparent hypocrisy of your position. Surely if you're all for indigenous supremacy this should be right up your alley?
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    Who cares. We should stop aid there if we give it. Let them starve.
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    (Original post by Kickflip)
    You won't hear about this from the corporate news, ask why.
    You mean like this
    http://www.timesonline.co.uk/tol/new...cle7009620.ece
    Mugabe and the BNP are two sides of the same coin
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    (Original post by Kickflip)
    See how everybody shrugs and says Zimbabwe is messed up things like that happen there or you would do the same. You make me puke, you're on their side.
    You asked a specific question, why isn't this reported in the corporate news? You got the answer, the harsh reality that no one gives a **** because it's already mucked up.
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    (Original post by Nick_000)
    Who cares. We should stop aid there if we give it. Let them starve.
    Innocent Zimbabweans should suffer for the actions of their tyrannical government?
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    Own3d.
 
 
 
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