adminbe commencing the implementation of companies’ approved proposals as soon as the Head of State returns from leave. There are a number of companies that are already lined up,” he said.
The indigenisation drive stepped up a gear towards the end of last year as a number of companies began implementing the initial phase of their proposed compliance plans by launching employee and community share ownership schemes.
Some of the schemes that were launched during that period include Zimbabwe Platinum Holdings’ US$10 million Community Share Ownership Trust, Mimosa Mining Company’s Zvishavane Community Share Ownership Scheme, Unki Mine’s US$10 million Tongogara Community Share Ownership Scheme Trust and the Meikles Ltd Employees’ Share Ownership Trust.
Meanwhile, Caledonia Mining Corporation, which owns Blanket Gold Mine, may finally have reached an acceptable agreement with the Government over its indigenisation compliance plans.
Concerns had been raised over the indigenisation of Blanket Mine following statements in some foreign media to the effect that Caledonia’s management was not wholly committed to the speedy indigenisation of the mine, which Caledonia chief executive officer Mr Stefan Hayden has since denied.
Minister Kasukuwere said he had recently met with Caledonia officials and they would soon issue a joint statement over the matter.
He was, however, not prepared to divulge the outcome of the latest discussions with Caledonia officials.
Online Reporter
- Herald
- July 31, 2026
- 18 views
Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…
