Youth, Indigenisation and Economic Empowerment secretary Mr George Magosvongwe

Published: 22 November 2013

All foreigners operating retail and wholesale businesses, barbershops, hairdressings, beauty salons, bakeries, employment agencies and grain milling which are classified as reserved sectors of the economy risk being arrested next month if they continue doing business.

The other reserved sectors of the economy according to the Indigenisation and Economic Empowerment Act are agriculture (primary production of food and cash crops), transportation, estate agencies, tobacco grading and packaging, tobacco processing, advertising agencies, milk processing and provision of local arts and crafts, marketing and distribution.

Secretary for Youth, Indigenisation and Economic Empowerment George Magosvongwe told legislators yesterday that the foreigners who defied the law would be prosecuted.

Magosvongwe said Government was in the process of identifying indigenous Zimbabweans who would take over ownership of those businesses in the particular sectors.
- herald

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