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Current Events => Economics => Topic started by: The Village Idiot on April 18, 2010, 08:34:26 PM

Title: Mugabe wants every business to be black majority owned
Post by: The Village Idiot on April 18, 2010, 08:34:26 PM
It should work as well as the farm thing did.

http://hosted.ap.org/dynamic/stories/A/AF_ZIMBABWE_ANNIVERSARY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-04-18-09-26-03

By ANGUS SHAW
Associated Press Writer
 
 
 
 
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HARARE, Zimbabwe (AP) -- President Robert Mugabe pledged Sunday to move ahead with plans to hand over 51 percent control of businesses to blacks under a controversial program.

During ceremonies Sunday marking the 30th anniversary of independence from colonial rule, Mugabe said the proposed business take overs are a concrete example of policies followed over the last three decades that enable locals to own the nation's resources.

The so-called indigenization and empowerment act was passed in 2008, when parliament was still dominated by Mugabe's lawmakers. The law came into force on March 1 and all businesses were given to April 15 to hand in proposals as to how they'd hand over 51 percent of their company to blacks. This included foreign and white-owned businesses.

 excerpted.
Title: Re: Mugabe wants every business to be black majority owned
Post by: ColonialMarine0431 on April 18, 2010, 08:50:14 PM
After all. It worked so well in Detroit, Chicago, etc....

(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/022__detroit_city_poem_1b_by_estimm.jpg)

(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/15287160-15287163-slarge.jpg)

(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/heidelberg-project-detroit-street.jpg)

(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/scene_span.jpg)


(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/800px-Morrisiana-Bronx2.jpg)

And look at the City Council.

(http://i3.photobucket.com/albums/y53/ColonialMarine/11111%20Temporary/Detroit/1_BudgetAddress-1.jpg)
Title: Re: Mugabe wants every business to be black majority owned
Post by: The Village Idiot on April 18, 2010, 08:51:22 PM
The city council seems to be doing well for themselves.

/s
Title: Re: Mugabe wants every business to be black majority owned
Post by: JohnnyReb on April 19, 2010, 04:45:30 AM
Quote from: FGL on April 18, 2010, 08:51:22 PM
The city council seems to be doing well for themselves.

/s

Well enough that somebody hired a white guy......surely it's not a voted position.
Title: Re: Mugabe wants every business to be black majority owned
Post by: The Village Idiot on April 19, 2010, 07:22:30 AM
Quote from: JohnnyReb on April 19, 2010, 04:45:30 AM
Well enough that somebody hired a white guy......surely it's not a voted position.

City Attorney?
Title: Re: Mugabe wants every business to be black majority owned
Post by: DefiantSix on April 19, 2010, 09:51:42 AM
Quote from: FGL on April 19, 2010, 07:22:30 AM
City Attorney?

Mayor's personal bail bondsman.