Saviour Kasukuwere, indigenisation and empowerment minister, has turned up the heat on sugar grower Tongaat Hulett over its Hippo Valley unit. Tongaat Hulett is listed on the Zimbabwe Stock Exchange. Add a comment
SADC Region
Zim central bank eases government's takeover talk
- 14 April 2013
- SME News Desk
Zimbabwe's central bank chief has dismissed government threats to seize foreign-owned banks that fail to meet black ownership requirements. Gideon Gono – a close ally of President Robert Mugabe – on Wednesday dismissed threats that banks, including Standard Chartered, face imminent closure for failing to comply with the country's indigenisation laws. Add a comment
Zambia loses out $27-million to tax dodging
- 24 February 2013
- SME News Desk
Zambia has been prevented from collecting $27-million in tax revenue by the aggressive tax practices of the Associated British Foods multinational. This is according to a report by Action Aid. Add a comment
Democracy in Zambia ‘under siege’, opposition claims
- 13 February 2013
- SME News Desk
ZAMBIA is under siege from Michael Sata, its president, according to civil society and opposition leaders who gathered in Johannesburg on Tuesday to alert the world to the "death of democracy" in the Southern African nation.
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Billions illegally taken out of Zambia over past decade - Report
- 18 December 2012
- SME News Desk
US-based group Global Financial Integrity blamed "crime, corruption and tax evasion" for the loss of $8.8-billion from the resource-rich country. Add a comment
