ZIMBABWE ANTI-CORRUPTION COMMISSION PRESS STATEMENT

ZIMBABWE ANTI-CORRUPTION COMMISSION PRESS STATEMENT

THE ZIMBABWE ANTI-CORRUPTION COMMISSION PRESS STATEMENT. The Zimbabwe Anti-Corruption Commission, in the past 3 to 4 weeks, has received a lot of coverage, some of it good and some bad, in regard to ongoing investigations relating in particular to NIEEB, ZMDC and ZINARA, and its operations in general.This press conference will seek to answer questions and clarify the situation relating to the role of the Zimbabwe Anti-Corruption Commission in the current operations. The Commission wishes…

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‘Only 1 indigenisation transaction concluded, & all major mining deals ‘abandoned’,

‘Only 1 indigenisation transaction concluded, & all major mining deals ‘abandoned’,

ADVISORY firm Brainworks Capital on Thursday said only one indigenisation deal had been consummated by government, while transactions worth over $1 billion with major platinum mining firms Anglo American Platinum, Impala and Aquarius had been abandoned. Zimbabwe’s Indigenization Act — enacted in 2008 — requires foreign owned companies valued at over $500,000 to cede 51 percent to black locals. The local ownership law has been cited as a major impediment to foreign investment in an…

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