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*Govt Plans To Elbow Foreigners Out Of Retail And Wholesale Sectors* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?mw The Minister for Small to Medium Enterprises Sithembiso Nyoni has expressed concern over the takeover of Small to Medium Enterprises (SMEs) by foreigners, a development which is contrary to Zimbabwe’s indigenisation laws. Nyoni told the National Assembly last week that foreigners have displaced locals from the retail and wholesale sectors and indigenous people end up trading on streets and pavements. Said Nyoni: ---------- 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_ ---------- > I am going to be very unpopular as we look into the revised Indigenisation Act (2018). > There are certain sectors that are reserved for Zimbabweans but where you find a lot of foreigners occupying those sectors, a case in point is retail — if you go into greater Harare and this is where I will also need the support of other ministers, all stakeholders and even maybe the local Members of Parliament. > You will find that a lot of these places are occupied by foreigners who are into retail and wholesaling. The sector is reserved for locals while Zimbabweans are selling outside on the streets. Initially, the Indigenisation and Economic Empowerment Bill signed into law On March 9, 2008, by the then president, the late Robert Mugabe gave Zimbabweans the right to take over and control many foreign-owned companies in the country. *More: Daily News* 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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