admincompanies in the province to pay outstanding seed money for the community share ownership trusts.
Five companies in Masvingo — Bikita Minerals, Renco Mine, Tongaat Hullet, Mashava Mine and Save Valley Conservancy — have not honoured the pledges they made during the launch of seven community share ownership schemes in Masvingo in February. The seven schemes were officially launched by President Mugabe. Out of the US$1,5 million that was pledged at the launch, only US$310 000 was paid by Murowa Diamond Mine and Lennox Gold Mine.
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Masvingo provincial indigenisation committee chairman and Governor Titus Maluleke yesterday said it was high time Government compelled companies that had not fulfilled their pledges to pay up.
Governor Maluleke said the defiant companies were supposed to pay up or close shop.
“We are appealing to Government through the Minister of Youth, Indigenisation and Economic Empowerment, Cde Saviour Kasukuwere, to force the defiant companies to pay up or close shop. The defiant companies cannot continue to take us for granted. Government should invoke the requisite pieces of indigenisation laws,” he said.
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