Africa

Mugabe, Tsvangirai agree on Zimbabwe’s black policy

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Zimbabwe's President Robert Mugabe (right) laughs with opposition leader Morgan Tsvangirai (L) in Harare. Photo/FILE

Zimbabwe's President Robert Mugabe (right) laughs with opposition leader Morgan Tsvangirai (L) in Harare. Photo/FILE 

By XINHUA
Posted  Saturday, March 13  2010 at  17:11

Now that the policy is being explained, there is a bit of thawing by skeptics who had seen it merely as a way to expropriate wealth from foreign companies. It is now clear that investors will get a fair return on their investments following a valuation of their worth.

However, while the government is still to agree on how the new law should be implemented, Kasukuwere has not indicated that the process has been suspended. He has emphasised though that no shareholding will be taken for free and all transactions will be on a commercial basis. The Administrative Court will resolve any valuation disputes.

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