HomeNewsReveal list of indigenisation beneficiaries: Mushohwe

Reveal list of indigenisation beneficiaries: Mushohwe

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NEW Youth, Indigenisation and Economic Empowerment minister Christopher Mushohwe has ordered top officials in his ministry to reveal the full list of around 1 000 people who have so far benefited from the country’s indigenisation programme since 2010.

PAIDAMOYO MUZULU
SENIOR REPORTER

Mushohwe’s remarks were made during a familiarisation meeting with ministry officials, Zimbabwe Youth Council, junior parliamentarians, junior councillors and youth groups.

“I have asked for a list of all the indigenisation beneficiaries from my ministry officials, I think the country has the right to know who has been empowered,” Mushohwe said.

“If we are saying its broad-based economic empowerment, then we should see the number of people who have benefited otherwise we might be empowering the same person or a small clique of people.”

All foreign-owned companies under the Indigenisation Act should sell 51% of their shareholding to locals.

Some of the companies have in the process donated 10% community share ownership trusts and 10% to employee ownership trusts.

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