The Zimbabwean government gave a 14-day ultimatum to several banks, mining firms and other businesses to submit an acceptable indigenisation plan (handing over assets to the indigenous people) or risk losing their licenses with the government completely taking over, The Herald reported Aug. 19. Among the companies receiving these warning letters are Barclays Bank, Standard Chartered, six mining firms including platinum giants Zimplats and Mimosa, gold miners Duration Gold Mind and Blanket Mine and Murowa Diamonds as well as five other firms including British American Tobacco, Nestle Zimbabwe and cotton processor Cargil Zimbabwe. The warning letters were issued by Zimbabwean Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere.
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