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organisations masquerading as champions of indigenisation that they have no mandate.
NIEEB chairman Mr David Chapfika said his organisation was not aware of the existence of some of these organisations. He said his board had no legal standing to deal with such transactions.
“These organisations are calling on all non-compliant businesses to sell their shares through them,” he said.
“The public is therefore advised to ignore such advertisements and report them to the NIEEB and the police should they be approached,” he said.
Mr Chapfika’s warning came in
the wake of reports that there were organisations operating in areas such as Mbare urging people to pay them US$5 for the chance to participate in the indigenisation and economic empowerment programme.
He singled out the Broad-Based Economic Empowerment Plan for Zimbabwean Indigenous Majority whose advertisement was published in this week’s Sunday Mail.
The organisation claimed it was an indigenous Zimbabwean investment vehicle, carefully crafted to afford ordinary Zimbabweans equal opportunities of participating in the mainstream economy through acquisition of controlling stakes in foreign-owned companies investing or operational in Zimbabwe.
BEEPZIM said it would facilitate the production of a broad-based and all-encompassing empowerment programme as well as fight against the existing scenario where only a few privileged indigenous Zimbabweans snap up all eligible companies.
Mr Chapfika said his board was the only statutory body mandated by law to spearhead the Government’s indigenisation and economic empowerment programme.
He has urged all non-indigenous businesses in the mining sector to resubmit their indigenisation plans within 45 days of the notice published by the Ministry of Youth Development, Indigenisation and Empowerment on March 25.
He has also urged the organisations to comply with the minimum 51 percent quota within six months.
Temba Dube