Vice President Joyce Mujuru will be the guest of honour at the event.
Representatives from The Ministry of Youth Development, Indigenisation and Empowerment, the National Indigenisation and Economic Empowerment Board, Impala Platinum and Zimplats will be expected to attend.
For the greater part of 2012, Zimplats reaffirmed its commitment to working with the government to comply with indigenisation and empowerment laws and dismissed reports that it was trying to evade the requirements.
The platinum producer is on record saying it was committed to being a good corporate citizen and implementing an indigenisation plan that meets government objectives.
This contrasted with media reports that suggested that the company was mulling delaying tactics in anticipation of a favourable election result next year that would set aside the requirement.
An Implats spokesperson was quoted saying: “Zimplats and its major shareholder remains deeply committed to Zimbabwe, its workers and the community, and is actively engaging with the Government over the terms on which the indigenisation programme will be implemented.”
In mid-November last year the Implats board decided to accelerate its indigenisation efforts and an amended proposal was submitted to the National Indigenisation and Economic Empowerment Fund.
The company said it was the first foreign company to extend S$10 million to the Mhondoro-Chegutu-Zvimba Community Share Ownership Trust, as part of its compliance plan and in demonstration of its commitment to meet indigenisation requirements in line with Government objectives.
The indigenisation policies require foreign-owned firms to sell 51 percent of their stake to locals. Government argues that indigenisation and empowerment will ensure previously disadvantaged Zimbabweans benefit from the country’s vast mineral wealth.
This is also meant to ensure that the majority of Zimbabweans benefit from the finite mineral resources.
Post published in: Business