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Black Zimbabweans to take control of white-owned companies
Just because they're not in the news doesn't mean Bob isn't stealing everything that isn't nailed down ...
White-owned companies in Zimbabwe are to be forced to hand majority control to black businessmen in a move that could lead to chaos rivalling the seizure of the country's commercial farms. The new regulations demand that all foreign and locally owned companies hand over at least 51 per cent ownership to black Zimbabweans.

Thousands of firms, including the Zimbabwean operations of giants such as Barclays Bank, Standard Chartered Bank and the mining company Rio Tinto, will be affected, and they must submit their plans to comply by March 1.

The new law plunged the unity government into deeper crisis. Morgan Tsvangirai, the leader of the former opposition Movement for Democratic Change turned prime minister in the coalition, told The Daily Telegraph the move had been made without his knowledge.
Posted by: Steve White 2010-02-10
http://www.rantburg.com/poparticle.php?ID=290083