Uncategorized

Govt ‘indigenises air’

Blessed Mhlanga ·

GOVERNMENT has, under its revised frameworks, procedures and guidelines for implementing the Indigenisation Act, broadened its definition of natural resources to include air, grass, birds and swamps, a move that local analysts yesterday described as “ridiculous”.

Finance minister Patrick Chinamasa announced the new framework on Monday at a Press conference he jointly addressed with Indigenisation minister Patrick Zhuwao and Reserve Bank of Zimbabwe governor John Mangudya.

Renowned economist John Robertson yesterday said: “This exposes government to ridicule by inviting such criticism.

This story is for NewsDay subscribers.

Discover more from Newsday

Subscribe now to keep reading and get access to the full archive.

Continue reading