Lonzim Share Discussion Threads

[david77] 19/4/2010 19:39

Indigenisation regulations still in force

Written by The Zimbabwean
Monday, 19 April 2010 07:13

HARARE - The Indigenisation regulations have not been suspended and are still in force in the form in which they were gazetted on January 29.

Bill Watch said the regulations can only be suspended or amended or repealed by the responsible Minister and only the courts could declare them null and void.

“ A Cabinet decision that the regulations are null and void/suspended/will not be implemented has no direct, immediate legal effect – and the same applies to an announcement of a Cabinet decision, whether made by the Prime Minister’s spokesman or by the Prime Minister himself,” said Bill Watch.

“Until the responsible Minister gives effect to the Cabinet decision by gazetting a statutory instrument, the regulations continue in force in their original form, and businesses must conduct themselves accordingly.

[tenapen] 14/4/2010 12:15

Zimbabwe shelves company ownership law

The change in the business law is being seen as a surprise

A controversial Zimbabwean law forcing companies to be majority-owned by so-called "indigenous" people has been shelved six weeks after it began.

Cont....

[tenapen] 01/4/2010 14:28

Mugabe makes it clear to Zuma he is not sharing power



By Tichaona Sibanda
31 March 2010

Cont...

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I just have a toe hold in LZM now :-(.

[thanksamillion] 31/3/2010 11:33

LOL - serves them right, after all what do they expect.

That should concentrate minds beautifully, and it only covers the legal costs.

[tenapen] 31/3/2010 10:58

White farmers seize Zimbabwe government property in S.Africa



JOHANNESBURG (AFP) - White farmers whose land was seized under Zimbabwe
President Robert Mugabe's land reforms have claimed a house owned by his
government in South Africa, their lawyer said Tuesday.

The 2.5-million-rand (338,000-dollar, 250,000-euro) house in the Cape Town
suburb of Kenilworth was attached by the sheriff's office, meaning it could
now be auctioned off by the farmers.

Their lawyer Willie Spies said the seizure was not meant to compensate the
farmers for their land, but to cover their legal costs.
Cont.....

-----------------------------
Afriforum takes three more Zimbabwean owned properties



March 30 2010 ,
3:11:00

Afriforum says it is in the process of attaching three other properties on
the Cape Peninsula belonging to the Zimbabwean government. The organisation
has already attached a property worth R2.5 million in Kenilworth.
Cont....

--------------------------
Good for them.

[tenapen] 30/3/2010 11:06

Zim no go area: German business group



by Own Correspondent Tuesday 30 March 2010

HARARE - A German business delegation has cancelled a visit to Zimbabwe, put
off by Harare's controversial plan to force foreign-owned firms to cede
controlling stake to local blacks.
Cont...

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A lot of shares traded in Celsys today;
CELSYS 0.05 0.11 0.1 0.01 (11.1%) 19,798,000

[don muang] 26/3/2010 20:44

Zimbabwe shares posted their longest 2010 rally as the government reviews forcing companies to transfer ownership to black citizens. Exotix USA Inc. and Kingdom Stock Brokers Ltd. said further gains may be limited.

[thanksamillion] 24/3/2010 11:26

Celsys now bid 0.05 offer .11 mid 0.075 -false alarm

[tenapen] 23/3/2010 16:19

Topped up 3k more. Im still very nervous but i see that Barlays / BAT etc are all showing strong gains today on the Zim stock exchange so iam working on the idea somone knows something. With the meeting on Thursday to re look at the empowerment laws it is not long to wait.

A plus trade,

[thanksamillion] 22/3/2010 14:43

Celsys now bid / offer of 0.5 / 0.1 which is odd, should it be 0.05/0.1? no mention in market reports of major movement.

[thanksamillion] 19/3/2010 16:23

Mediator Zuma hails 'progress' in Zimbabwe talks



Mugabe buckles under pressure from Zuma

[thanksamillion] 18/3/2010 17:15

I see the bid/ offer is shown at 0.5/1.0 so I hope the ZSE site is correct.

[tenapen] 18/3/2010 16:18

Hi ThanksaMillion,





I thought i had added the link earlier, sorry.

600% rise on a 100k trade is what its saying.

[thanksamillion] 18/3/2010 14:56

Hi tenapen

Do you have a link for the ZIM stock exchange??

[tenapen] 18/3/2010 12:47

Only two risers on todays Zimbabwe stock exchange .... and Celsys is the top riser up 600%

WOW

[tenapen] 12/3/2010 16:15

That is the first sensable thing kvrr as ever writen re LZM / Zimbabwe. The only way to make the Zanu-pf realise that without investment they will have no cream to take off the top. I hope Barclays, BAT and Nestles tell Mugabe they are leaving Zimbabwe and they can stick it, lets see what they would do on that news.

As a beside im happen to be reading "The last king of Scotland" by Giles Foden. Talk about history repeating itself !.

[kvrr] 12/3/2010 10:57

Zimbabwe's new indigenization law has horrendous implications on economic growth, employment creation, government revenues, among other issues. Zimbabwe lost more than US$3billion in potential investments over the past three weeks when it became clear that Zanu-PF would impose its will once more on its IG partners. A lot of money is leaving the country.