Hippo Valley submits indigenisation plan

companies should sell 51 percent of their stake to indigenous people.
NIEEB chairman Mr David Chapfika confirmed the development.

“Yes, I can confirm that Hippo Valley Estates has complied and submitted their indigenisation plans for consideration,” he said.
Hippo Valley Estates had been dragging its feet to submit indigenisation plans compared to other foreign companies, especially in the mining sector.

Mr Chapfika also confirmed that most companies in Masvingo Province had submitted their plans for consideration.
“Other companies in the Lowveld have also submitted their plans,” he said.
Hippo Valley is one of the most capitalised firms in Masvingo Province. — New Ziana.