The Briefing Room

General Category => World News => Topic started by: flowers on November 25, 2013, 07:23:27 pm

Title: Zimbabwe: Foreigners must close shops by Jan 1
Post by: flowers on November 25, 2013, 07:23:27 pm

http://www.news24.com/Africa/News/Zimbabwe-Foreigners-must-close-shops-by-Jan-1-20131123

Quote

Harare - Zimbabwean authorities say they have given foreign shop-owners - mostly Chinese and Nigerian nationals - an ultimatum to shut down their businesses by 1 January.

A top official of the black empowerment ministry said only Zimbabweans had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation's black empowerment laws, the state-controlled Herald newspaper reported Friday.

Those laws, passed in 2007, demand foreign businesses to cede 51% control to local blacks.

The foreign shop owners have been criticized for taking retail trade opportunities from Zimbabwean traders by selling cheap imports.

Title: Re: Zimbabwe: Foreigners must close shops by Jan 1
Post by: mountaineer on November 26, 2013, 02:59:32 pm

the black empowerment ministry

 :shrug:  :thud:

Title: Re: Zimbabwe: Foreigners must close shops by Jan 1
Post by: Chieftain on November 26, 2013, 03:30:18 pm

Real Zimbabwe banknote from 2008.......

(http://img.photobucket.com/albums/v645/SeniorChieftain/1024px-Zimbabwe_100_trillion_2009_Obverse.jpg)

Title: Re: Zimbabwe: Foreigners must close shops by Jan 1
Post by: EC on November 26, 2013, 05:20:04 pm

Mugabe in trouble again? He always does crap like this when the population get restless with him.