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Zim threatens to shut down non-compliant foreign firms

HARARE – Government yesterday threatened to shut down foreign-owned firms that do not comply with its indigenisation law by April 1. “Cabinet has directed that on April 1 all line ministers invoke Section 5 of the Indigenisation and Economic Empowerment Act Chapter 14:33 and act against all non-compliant businesses in their sectors,” Empowerment minister Patrick…

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