'Zimbabwe indigenisation reduced to a Ponzi scheme'

University of Zimbabwe Business School head Professor Tony Hawkins says indigenisation deals recently clinched with big mining companies amount to a "Ponzi scheme gone mad".

Hawkins said the transaction between companies like Zimplats, Mimosa and Unki and the National Indigenisation and Economic Empowerment Board for the transfer of 51% of foreign owned companies to locals were bad deals for the country because of the unworkable and unsustainable funding arrangements which he likened to Ponzi finance schemes.