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*"Govt should reconsider Indigenisation Act amendment"* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yv Affirmative Action Group (AAG) has said that Government must reconsider the amendment of the Indigenisation Act. Presenting the 2018 National Budget, Finance Minister Patrick Chinamasa said the Indigenisation Act will be amended to confine the 51/49 threshold to only the two minerals, namely diamonds and platinum, in the extractive sector. However, AAG said that Government should consider introducing a 10% and 30% for locals to benefit in other sectors. Said AAG Matabeleland Chapter president Reginald Shoko: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > While we welcome the proposals to lure foreign direct investment through the scrapping of the threshold of indigenisation, we believe the Finance minister Patrick Chinamasa is taking it too much. Indigenisation cannot be allowed to die a natural death. We require the locals to partake in the expansion of our economy and we propose that the threshold be reduced to between 10% and 30% and in some cases, management contracts must be given to locals in order to utilise the human capital we have as a country. More: NewsDay itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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