(Reuters) - Zimbabwe will transfer control of all companies, including foreign-owned banks, to locals if a planned empowerment bill is passed, but no timetable has been set for the transfer of ownership, a government minister said on Tuesday.
"The bill refers to both public and private companies and yes, this includes mining companies and banks, which will be impacted like everyone else," Minister of State for Indigenisation and Empowerment, Paul Mangwana told Reuters.
Read more at Reuters Africa
"The bill refers to both public and private companies and yes, this includes mining companies and banks, which will be impacted like everyone else," Minister of State for Indigenisation and Empowerment, Paul Mangwana told Reuters.
Read more at Reuters Africa
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