Zimbabwe’s Ownership Law Erodes Confidence, Tsvangirai Says

Bloomberg reported Zimbabwean Prime Minister Morgan Tsvangirai said the country’s “warped” policy eroded confidence and delayed investments.

The market news is quoted as saying,

Zimbabwe, which has the world’s second-biggest reserves of platinum and chrome after neighboring South Africa, wants all foreign and white-owned companies to submit plans to sell 51 percent stakes in local assets to black Zimbabweans.

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