Published: 27 May 2014

Government's review of the indigenisation and economic empowerment policy to facilitate sector-specific implementation is a major breakthrough as it ensures that Zimbabweans own 100% of their resources and investors get fair equity and return on their investments, top economists and business leaders have said.

Government is clarifying the indigenisation law so that there is no blanket approach to the different economic sectors and the levels of investment they require.

This dovetails with a lobby for Zimbabwe to indigenise its resources instead of seeking to merely indigenise foreign-owned companies.

Information, Media and Broadcasting Services Minister Jonathan Moyo said at the weekend that Government would soon recalibrate the indigenisation and empowerment policy, shifting from its blanket approach to sector-specific implementation.

Observers on Sunday said the recalibration had a "multiplier effect" that would "unlock" investment barriers.
- herald