Black Economic Empowerment and Corporate Governance in Zimbabwe
Indigenous Zimbabwean as defined in the National indigenisation and Economic Empowerment Act refers to anyone who, before independence in April 1980, "was subjected to unfair discrimination [presumably in Zimbabwe] on the grounds of their race, and includes a descendant of such a person". Thus indigenous Zimbabwean means any person who before 18 April 1980, was disadvantaged by unfair discrimination on the grounds of his or her race , and any descendant of such person, and includes any company association, syndicate/ partnership of which indigenous Zimbabweans form the majority of the members or hold the controlling interest.
National indigenisation and Economic Empowerment Act, defined indigenisation as a deliberate …show more content…
Regulations of the Zimbabwe Indigenization Policy
Regulations to implement the 2008 Indigenization and Economic Empowerment Act requiring local control of foreign firms doing business in Zimbabwe took effect amid rising concern the program would dash any interest investors might have in the country. The