[QODLink]
Inside Story
The indigenisation of Zimbabwe
Will Zimbabwe's controversial new law offer 'economic emancipation' or just further weaken an already battered economy?
Last Modified: 28 Sep 2011 12:36

It is a country on the brink of an economic meltdown, and the latest controversial reform could move Zimbabwe closer to the edge.

The new indigenisation law requires all companies valued at more than $500,000 to sell 51 per cent stakes to black Zimbabweans. Firms had until Sunday to comply. 

Zimplats, the country's largest platinum mining company, along with British American Tobacco, Nestle, Cargill, Barclays and Standard Chartered Bank had all been given 14 days to hand over the majority share of their companies.

The government said on Monday that they are deciding how to deal with those who have failed to do so, having already rejected Standard Chartered's offer to cede 10 per cent. 

But this final phase of what has been dubbed "economic emancipation" - a process which began over a decade ago - has left many in Zimbabwe uncomfortable.

Just what motivates these policies and what are their repercussions for the country's already battered economy?
 
Inside Story, with presenter Jane Dutton, discusses with Matlotleng Matlou, the chief executive of the Africa Institute of South Africa, and David Monyae, a political analyst.

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Anti-government secrecy organisation struggling for relevance without Julian Assange at the helm.
After decades of overfishing, Japan is taking aim at increasing the number of bluefin tuna in the ocean.
Chinese scientists are designing a particle-smashing collider so massive it could encircle a city.
Critics say the government is going full-steam ahead on economic recovery at the expense of human rights.
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.