South African business owners operating in Zimbabwe are reacting with anxiety after Harare ordered foreign-owned firms in key sectors to transfer control to locals, requiring them to sell 75% of their shares to Zimbabwean citizens over the next three years, at 25% each year. Many South Africans, who run bakeries, manufacturing firms, and service businesses across the border, say the directive creates uncertainty over ownership, financing, and long-term viability.#DWAfrica | DW Africa
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South African business owners operating in Zimbabwe are reacting with anxiety after Harare ordered foreign-owned firms in key sectors to transfer control to locals, requiring
DW Africa. . South African business owners operating in Zimbabwe are reacting with anxiety after Harare ordered foreign-owned firms in key sectors to transfer control to locals, requiring them to sell 75% of their shares to Zimbabwean citizens over the next three years, at 25% each year. Many South Africans, who run bakeries, manufacturing ...
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