Foreigners operating retail and wholesale businesses in Zimbabwe risk being arrested if they continue doing business after a deadline for them to relinquish their businesses to Zimbabweans, state media has reported.
The state-controlled Herald newspaper said on Friday that the move was in line with the Indigenisation and Economic Empowerment Act.
It added barbershops, hairdressings, beauty salons, bakeries, employment agencies and grain milling to the list of those who may be prosecuted if they fail to comply.
The Herald said the threat was made by George Magosvongwe, the Secretary for Youth, Indigenisation and Economic Empowerment, while appearing before a parliamentary committee in Harare, the capital.
The Indigenisation and Economic Empowerment Act also lists agriculture, transportation, estate agencies, tobacco grading and packaging, advertising agencies, milk processing and provision of local arts and crafts as reserved sectors of the economy.
"I confirm that some non-indigenous entities are still operating in the reserved sectors and there is a deadline for January 1 for them to comply with the requirement to relinquish their holdings in that sector," Magosvongwe was quoted by the paper as saying.
Magosvongwe said the government was in the process of identifying indigenous Zimbabweans who would take over ownership of the businesses, the Herald reported.
Read more here: Zimbabwe gives foreign shops 30-day ultimatum
Obviously “Farmer Bob” Mugabe hasn’t learned a lesson from Idi Amin expelling the Asians from Uganda in 1972, or from the United States embargo during Thomas Jefferson’s second term as president.
I’m going to predict that because of this event, Mugabe’s presidency will end in 2014, one way or another. And he will take Zimbabwe with him.