daveza
Honorary Master
http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-25_2571176
Never let it be said that Mugabe is a fool.
On the one hand he lambastes Morgan for not getting sanctions lifted, on the other he does things like this to ensure sanctions will not be lifted.
It's all about power, and he could care less about the effect this will have for his people.
Harare - White businesspeople in Zimbabwe who don't cede control of their companies to black partners could face jail under a law going into effect next month.
An official notice on Tuesday says the law will be enforced from March 1, and includes jail penalties of up to five years. It gives companies worth $500 000 or more 45 days to submit compliance proposals. Foreign investors also need to meet an "empowerment quota."
The law passed by the Harare parliament when it was still dominated by President Robert Mugabe's lawmakers in 2008 is meant to benefit "indigenous" Zimbabweans - those who suffered under colonial-era racial discrimination and their children born after independence in 1980. That effectively excludes the nation's 20 000 whites.
Never let it be said that Mugabe is a fool.
On the one hand he lambastes Morgan for not getting sanctions lifted, on the other he does things like this to ensure sanctions will not be lifted.
It's all about power, and he could care less about the effect this will have for his people.