In line with the indigenisation program, companies were obliged to submit proposals on their plans to transfer 51% of their stocks by september 25. Most companies missed this deadline. Rio Tinto, one of the world biggest mining multinatinals, also missed this deadline but now states it will surrender 51% of their stake in Zimbabwe.
At the same time, MDC is preparing to propose a motion to 'Nationalise alluvial diamonds' and revise the indigenisation policy with the goal to improve the countries economy and control of mining resources.
Other news include an interview with minister Chinamasa (ZANU-PF) on the United Nations Human Rights Council Universal Period Review (UN-UPR), water shortages in Harare, next step in the Constitution making process and the arrest of MDC youth leader mr. Madzore.