Zanu-PF youths yesterday reacted angrily to suggestions by Finance minister Mthuli Ncube that foreign investors retain 100% ownership of their investments in the mining sector, saying the move was ill-informed.
During an interview with Bloomberg last week, Ncube said the country was working on scrapping the Indigenisation Act, which restricts foreign shareholding in platinum and diamond ventures to 49% as the country seeks to attract foreign capital.
But Zanu-PF youth commissar Godfrey Tsenengamu said there was no wisdom in reversing President Emmerson Mnangagwa‘s decision.
More to follow…
Source: Mbaretimes
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