http://wvwnews.net/story.php?id=3527
http://wvwnews.net/story.php?id=2605
By Peter Taylor and Sebastien Berger
International companies trading in http://wvwnews.net/story.php?id=3453 are reviewing operations in the wake of a new law demanding foreign businesses surrender majority control of their interests.
It emerged yesterday that http://wvwnews.net/story.php?id=2177 has signed into law a bill dictating that all businesses must be 51% owned by “indigenous Zimbabweans”, redoubling fears the country’s economy, already beset by hyperinflation, is on the brink of collapse.
Barclays, Standard Chartered, Shell and Unilever are among companies affected by the new law.
A spokesman for household products maker Unilever, which has a Zimbabwean factory, said: “Our general approach is to try and stick with it. In this particular instance I really don’t know what’s going to happen”.A Barclays spokesman said the group was “looking into the potential impact of the law”. Miner Anglo-American is in talks with the Zimbabwean government about its interests.
http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/03/10/noindex/cnzim110.xml&