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Motoring indigenisation looms

HARARE – Zimbabwe is making headway in indigenising the motoring industry, with authorities insisting every foreign-owned company should be majority-owned by locals. The National Indigenisation and Economic Empowerment Board (Nieeb) β€” a vehicle created to implement the indigenisation programme and house assumed shares β€” said the motoring sector is not exempted. β€œThe (indigenisation) Act does…

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