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Africa Subsaharan
Black Zimbabweans to take control of white-owned companies
2010-02-10
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

#9   Rhetorical question I suppose, but does anyone out there besides myself ever wonder why these horrid Zimbob stories never appear on US teevee, or gain an audible comment from our US State Department?

Professional courtesy...Socialist usually don't diss other Socialists [until they want to put a knife in their back or ice pick in their head].
Posted by: Procopius2k   2010-02-10 11:31  

#8  I am sure this will work as well as the seizure of white farms and giving them to uneducated and unskilled blacks.
Posted by: DarthVader   2010-02-10 09:35  

#7  Hey, give all those businesses to the Haitians that would work out on the Humanitarian Relief side of the equation but probably be only slightly better for the Zbob economy.
Posted by: AlanC   2010-02-10 08:25  

#6  Be sure to take over the airliners. Esp, the one Bobby Z flies.
Posted by: ed   2010-02-10 08:10  

#5  Rhetorical question I suppose, but does anyone out there besides myself ever wonder why these horrid Zimbob stories never appear on US teevee, or gain an audible comment from our US State Department?
Posted by: Besoeker   2010-02-10 03:17  

#4  Keeps me wondering why one of our B-2s doesn't fly a BombEx one dark night, just to keep their eye in. Charge it off to humanitarian relief.
Posted by: Nero   2010-02-10 01:50  

#3  Somehow I can't work up a lot of sympathy, seein' as how this crap was going on with the farmers right under their noses......
however, having said that, i would not be surprised if maybe there is some pushback..
Posted by: USN, Ret.   2010-02-10 01:26  

#2  But the farm seizures worked so well didn't they?
Posted by: CrazyFool   2010-02-10 00:39  

#1  Yo, Bob. Do dis mean I can be one o dem ontropinours now?
Posted by: Farmin B. Hard   2010-02-10 00:05  

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