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Foreign entities can now fully own mines in Zimbabwe, including diamond and platinum mines, following Zimbabwe s withdrawal of its indigenisation amendment.
This after the Zimbabwean government deleted an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities. 
The amendment was seen by many as a way of reintroducing the country s controversial indigenisation laws on the mining sector.
The Zimbabwe government has deleted an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities.
As reported by Fin24 last week, the Zimbabwe government had enacted under its laws a section that gave the minister of mines, in consultation with the minister of finance, powers to secure 51% in any chosen mine house through an appropriate designated entity (local shareholders). ....

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