Give fair value for indigenised stakes

Give fair value for indigenised stakes
Published: 23 July 2013
Dube, Manikai and Hwacha law firm senior partner Canaann Dube has called upon chartered accountants to come up with valuation mechanisms of business entities to help resolve disputes when complying with the country's indigenisation and empowerment laws.

He said there was need to come with valuation of business entities to give fair value of what constitutes 51% shareholding, under the empowerment law, foreign-owned companies operating in Zimbabwe should cede majority stakes to locals.
- newsday

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