President Mugabe has stated recently that Zimbabwe would be
stupid to accept investment from China or any other foreign nation without
pre-conditions. Mugabe said foreign investors were free to bring in their
capital and technology, but should never dream of owning land and majority
shareholding in local companies, deeming this as "robbery" and "theft". He said the
nation’s industry was ready for 100% indigenisation claiming the country had
now done enough to acquire 51% shareholding in foreign-owned companies. He said
mining would be the first sector to be affected by the proposed 100%
indigenisation.
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