Logistical firm DHL International which has been operating in Zimbabwe since independence in 1980 says it will only expand its local operations if it is protected from indigenisation. The company wants assurances that it will be spared from certain provisions of the country’s indigenisation law.
The Minister of ICT, Postal and Courier Services Supa Mandiwanzira told journalists that the indigenisation demands do not apply to DHL and other companies in the service sector.
Because of the clarity that His Excellency the President (Robert Mugabe) has put forward regarding ownership, particularly in investing in service industries, that it is not as cast in stone as an investment in natural resources sector like mining were 51 percent local ownership is mandatory and not negotiable.
In terms of the service sector, it is very different. If a company like DHL commits to investing in the community and people of Zimbabwe aside of its main business, there are provisions that allow us as the ministry and regulator to give them more leeway to hold on to some shares but putting in more investment.
More: The Source