News / National
Mall of Zimbabwe indigenisation plan approved
22 Sep 2014 at 07:41hrs | Views
Government has approved the indigenisation plan for the $100 million Mall of Zimbabwe in what will give indigenous partners an initial 40% stake in the project.
Augur Investments spokesman Van Blerk said the project awaited a few more regulatory approvals, but the indigenisation plan had been given thumbs up.
Blerk said that locals would initially hold 40 percent stake in the project, which would be increased over years to comply with the country's equity laws.
Source - The Herald