Will black empowerment help Zimbabwe?
By jerrypandu
@jerrypandu (300)
Indonesia
September 29, 2007 1:15am CST
Zimbabwe's parliament has passed a bill to indigenise foreign-owned businesses. The new law will force foreign-owned businesses to sell a majority stake in their operations to black-owned Zimbabwean firms. Zimbabwe's economy is in freefall and people are struggling to cope with soaring inflation and chronic unemployment. While recent government-enforced price freezes have led to serious food shortages. If you are in Zimbabwe, will the new law affect ou? How do you think it will impact on the economy?
2 responses
@funnysis (2619)
• United States
29 Sep 07
That sounds terrible.How can they do such a thing?I am not sure what the world is coming to everyone feels the effect of inflation and I don't think its right to tell a business owner they have to sell any part if they own it all.I wish you luck and will keep you in my prayers.Have a great day.
