Zimbabwe law targets foreign businesses

New legislation forces foreign companies to give a majority of shares to black Zimbabweans.

    Zimbabwe is moving ahead with a new "indigenisation" law, known as the National Community Trust, which will force foreign companies to hand 51 per cent of shares to black Zimbabweans.

    Impala Platinum, a South African-owned company, has already agreed to turn over a 10 per cent of its stake in its Zimbabwean Zimplats operation. In September the government threatened to take away the company's licence to mine the world's second largest platinum reserves.

    More companies are expected to follow but some fear that the law is a plan to help strengthen President Robert Mugabe's hold on the country ahead of possible elections in 2012.

    Al Jazeera's Haru Mutasa reports from Selous, Zimbabwe.

    SOURCE: Al Jazeera


    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Why America's Russia hysteria is dangerous

    Why America's Russia hysteria is dangerous

    The US exaggerating and obsessing about foreign threats seems quite similar to what is happening in Russia.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months