Published: 19 August 2013

Hundreds of foreign-owned companies that have been defying indigenisation law compelling them to ensure at least 51% shareholding is held by Zimbabweans are now rushing to regularise their operations following Zanu-PF's emphatic victory in the July 31 elections.

This comes amid indications that the defiant firms were hoping an MDC-T victory would guarantee a reversal of the indigenisation and economic empowerment programme.

National Indigenisation and Economic Empowerment Board chief executive officer Wilson Gwatiringa said his office received an avalanche of indigenisation plans over the past two weeks.

- Sunday Mail

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