News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Govt Plans To Elbow Foreigners Out Of Retail And Wholesale Sectors* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ah 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: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback