ion and Empowerment Munyaradzi Paul Mangwana, the IBDC, a body which seeks to address economic imbalances inherited from the colonial era, through black empowerment, said the Zimbabwe Electricity Supply Authority (ZESA) and the ZimPost demanded bid bonds of up to 10 percent of the purchase price as security, an amount most indigenous business people could not afford.
A company should also employ at least 150 people to qualify for the tender, a figure the IBDC said was too high considering the fact that most black-owned companies were actually struggling to survive under the harsh economic conditions, characterized by shortages of working capital, hard currency and skyrocketing inflation.
15.2.2007
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IBDC complains-(15-02-07)
HARARE - The Indigenous Business Development Centre (IBDC) has complained to government that the tender requirements of two major parastatals are prohibitive to indigenous business people, resulting in black-owned companies being marginalised.
In correspondence to the new minister of Indigenisat
In correspondence to the new minister of Indigenisat