Zimbabwe: Govt to Shut Non-Compliant Foreign Businesses Operating in Reserved Sectors
3 Articles
3 Articles
Zimbabwe: Govt to Shut Non-Compliant Foreign Businesses Operating in Reserved Sectors
THE government says it will revoke operating licences of foreign-owned businesses that have failed to comply with regulations reserving 17 economic sectors for Zimbabweans, amid concerns that foreign players continue to dominate some protected industries.
Blitz targets defiant foreign firms
Mukudzei Chingwere Senior Reporter FOREIGN-OWNED businesses operating in 17 economic sectors reserved for Zimbabweans face suspension or revocation of their licences following nationwide inspections that exposed widespread non-compliance. The enforcement measures come after the Government inspected over 3 000 companies across all 10 provinces. Cabinet expressed concern that most foreign operators failed to regularise their […]
Zimbabwe can suspend or revoke licenses for foreign businesses that fail to comply in 17 sectors reserved for citizens. Minister Zhemu Soda reported that more than 3,000 businesses have been inspected in 10 prefectures and 693 applications for compliance have been received.
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