the impact of indigenisation policy on mining in zimbabwe

But in the past few weeks, Zimbabwe's mining industry has been gripped by fresh fears of capital flight after amendments contained in the Finance (No 2) Bill empowered government to extend the ...

Abstract This paper explores the unfolding of Zimbabwe's indigenisation policy in the country's mining sector from the early 1990s to 2018. Informed by interviews, government reports, newspaper articles and online material, the article examines the attempts to indigenise some of the country's biggest mining concerns, like the platinum …

In Zimbabwe, mining is regulated by a number of laws and among them is the Mines and Minerals Act (chapter 21:05) (Mupfumi and Masiya 2016 ). The Act governs the acquisition of mineral rights. Mining rights are either issued as mining permits for small-scale projects and mining license for large projects.

The effect of prescribing minerals under section 3(1) of the Indigenisation and Economic Empowerment Act will largely be to fence off sectors of the mining …

The need to redress the skewed ownership of productive assets has given rise to the process of indigenisation and economic empowerment processes in many previously colonized countries. Countries such as Zambia, Brazil, South Africa and lately Zimbabwe have embarked on indigenisation or economic empowerment initiatives, to varying …

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This study sought to evaluate the impact of the Indigenisation Policy on the socio-economic emancipation of rural communities in Zimbabwe. A case study approach was taken focusing on the Marange and Zimunya …

the experiences of community trusts set up to manage mining assets, the paper argues that indigenisation was primarily tailored to accommodate the needs of local elites and …

The paper identifies a number of policies implemented after 1980 and examines their impacts in enhancing food security, employment and growth in rural areas of Zimbabwe. ... for mining policy ...

Here are ten things the Mnangagwa administration has done right in Zimbabwe mining and outstanding issues that need urgent reforms: 1) Mining Law Reforms ... The country opened up to doing business by scrapping the indigenisation and economic act which restricted heavily foreign capital in the country. Since the inception …

Pursuant to that call, the Indigenisation and Economic Empowerment Act was amended in 2018 so that only diamond and platinum mining were reserved for indigenous Zimbabweans [though some other sectors of the economy were reserved for Zimbabwean citizens whether indigenous or non-indigenous]. Now the Indigenisation …

ENACTED by the President and the Parliament of Zimbabwe. PART I. Preliminary. 1 Short title and date of commencement. (1) This Act may be cited as the Indigenisation and Economic Empowerment Act [ Chapter 14:33 ]. (2) This Act shall come into operation on a date to be fixed by the President by statutory instrument. [1] [1] The date fixed was ...

The Indigenisation and Economic Empowerment Act sought to include all indigenous Zimbabweans, especially the rural communities into the mainstream economy through …

This study sought to evaluate the impact of the Indigenisation Policy on the socio-economic emancipation of rural communities in Zimbabwe. A case study approach was taken focusing on the Marange and Zimunya communities in Manicaland Province of Zimbabwe, where diamonds are being mined.

impact. Revisting the critical decade of policy-making after 2000, Zimbabwean scholars ... and contemporary scholarly and other independent research on mining policy and the restructuring of Zimbabwe's minerals' sector. Perspectives on Empowerment and Indigenisation in Zimbabwe 'Black empowerment' and later, 'indigenisation', have ...

1.Maximising the Developmental Impact of the People's Mineral Assets: State Intervention in the Minerals Sector (SIMS), ANC, Policy Discussion Document, March 2012 2.See the Indigenisation and Economic Empowerment Act (IEEA), Chapter 14:33 Act 14/2007 22 COMMUNITY SHARE OWNERSHIP TRUSTS (CSOT) IN ZIMBABWE'S MINING …

Source; Government of Zimbabwe IEE General Notices 459 of 2011 and 280 of 2012. To realise the lEEA's set objectives, in 2013, the government of Zimbabwe crafted an economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIMASSET) with a view to achieving sustainable economic growth and …

The paper discusses the consequences of implementing the indigenisation laws in their current form on the banking sector in Zimbabwe. The law requires that firms operating in the country which …

Establishment and objects of National Indigenisation and Economic Empowerment Fund. (1)There is hereby established a fund, to be known as the National Indigenisation and Economic Empowerment Fund. (2)Subject to this Act, the objects of the Fund shall be—. (a)to provide financial assistance to indigenous Zimbabweans for any …

Abstract. The paper assessed the challenges caused by the Indigenisation and Economic Empowerment (IEE) policy of 2008 on the mining sector of Zimbabwe. Qualitative research method was used to analyse data on challenges caused by the IEE policy, strategies for addressing the challenges and evaluation of the policy.

This paper looks at the historical processes that influence the indigenisation and economic empowerment programme (IEEP) adopted by the Government of Zimbabwe (GoZ) and …

Conclusion: CORRECT. The Indigenisation and Economic Empowerment Act has been amended through the administrative measures and the Finance Act arising from the 2018 budget announcement. About the author: Njabulo Ncube is senior Zimbabwean journalist and national co-ordinator of the Zimbabwe National Editors' …

Between colonial intervention and a weak regulatory framework, mining in Zimbabwe has struggled to live up to its potential. With the government cracking down on undeveloped licenses, and aiming to force companies to "use it or lose it", we consider the history of mining in Zimbabwe, and who the winners and losers of the new policy …

In a report published by Maverick Citizen in February 2021, where the extend of Zimbabwe's corruption was detailed extensively; it alleged that President …

Zimbabwe Mining is beginning to recover after decades of isolation caused by the draconian laws of indigenisation that had the "jewel of Africa" be labelled as a no-go area for investment. As the current President took over the reins, he inspired the nation, ignited hope and had the country speaking in one voice. The hope he inspired marked …

On 25 March 2011, the Zimbabwean government published new regulations under the Indigenisation and Economic Empowerment Act, which required 51% of the shares of mining companies in Zimbabwe with a net asset value above US$1 to be ceded to indigenous Zimbabweans. Under the previous regulations, companies with a net …

Indigenisation and Economic Empowerment Act Zimbabwe Zimbabwe Indigenisation and Economic Empowerment Act Chapter 14:33 Commenced on 17 April 2008 [This is the version of this document as it was at 14 March 2018 to 30 December 2020.] [Note: This version of the Act was revised and consolidated by the Law …

14 G. Kanyenze, T. Kondo, P. Chitambara and J. Martens (eds), Beyond the Enclave: Towards a Pro-Poor and Inclusive Development Strategy for Zimbabwe (Harare, Weaver Press, 2011). 'Enclave economy' describes a subsector of the formal economy with relatively high productive and capital intensity, and income, but with weak connections to …

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The purpose of this policy brief is to identify the shortcomings of the Minerals Amendment Bill (2015) of Zimbabwe and to make recommendations that will have a positive impact on the lives of mining communities. It is in line with Africa-wide trends to improve transparency and accountability in the mining industry in order to enhance economic ...

There are various tax incentives given to miners involved in exploration and mining. For holders of special mining leases, taxation is at a flat rate of 15% as opposed to 24.72% for other miners. The holders may, however, be liable to additional profit tax calculated based on a formula.

The indigenisation policy has promoted the smallscale mining industry thus economically activating lives of thousands of people who are surviving through mining across Zimbabwe. The government recognised small …

To put it in very basic terms, Zimbabwe's indigenisation law requires all foreign companies with a minimum asset-value of at least $500,000 to give up 51% of their ownership to indigenous ...

PDF | This study sought to evaluate the impact of the Indigenisation Policy on the socioeconomic emancipation of rural …

In the post-independence era, mining prospects in Zimbabwe increased as compared to the colonial period. By 1996, Zimbabwe was one of the leading producer …

Abstract. Zimbabwe embarked on the policy to empower its local people through enacting into law a policy that targeted the empowerment of its citizens. The 'Indigenisation and Empowerment Act ...

This study sought to evaluate the impact of the Indigenisation Policy on the socio-economic emancipation of rural communities in Zimbabwe. A case study approach was taken focusing on the Marange and Zimunya communities in Manicaland Province of Zimbabwe, where diamonds are being mined.

government policy thrust is to reposition private sector as the key driver of the Zimbabwean economy. The Indigenisation and Economic Empowerment Act was immediately repealed to limit the 51/49% indigenisation threshold to only two minerals in the extractive sector namely diamond and platinum, and Special Economic Zones law was gazetted in