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Govt to prosecute empowerment fronts

HARARE – Government will prosecute Zimbabweans fronting in empowerment deals, Indigenisation minister Francis Nhema said. This comes amid reports that some locals are conspiring with foreigners in the crafting of indigenisation compliance proposals, resulting in the latter remaining major shareholders of Zimbabwean firms. Zimbabwe’s indigenisation policy compels foreigners to cede 51 percent shareholding to black…

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