Zimbabwe suspends majority local-ownership rules

HARARE, April 13 (BestGrowthStock) – Zimbabwe’s unity government has
suspended and will review rules forcing foreign-owned firms to
sell a majority stake to local people, a spokesman for Prime
Minister Morgan Tsvangirai said on Tuesday.

“The cabinet has today declared those regulations null and
void, and they are being suspended to allow for broad-based
consultations on the best way to proceed,” James Maridadi told
Reuters.
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(Reporting by Cris Chinaka, editing by Tim Pearce)

Zimbabwe suspends majority local-ownership rules