Thread: Zimbabwe: Foreigners must close shops by Jan 1

Zimbabwe: Foreigners must close shops by Jan 1
2013-11-23

Harare - Zimbabwean authorities say they have given foreign shop-owners - mostly Chinese and Nigerian nationals - an ultimatum to shut down their businesses by 1 January.

A top official of the black empowerment ministry said only Zimbabweans had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation's black empowerment laws, the state-controlled Herald newspaper reported Friday.

Those laws, passed in 2007, demand foreign businesses to cede 51% control to local blacks.

The foreign shop owners have been criticized for taking retail trade opportunities from Zimbabwean traders by selling cheap imports.

Poor townships and city flea markets have in recent years been inundated by shops run by foreigners.

According to state media, shop owners who fail to comply will be arrested.

news24.com

"Bangkok - Thai authorities say they have given foreign shop-owners - mostly Western nationals - an ultimatum to shut down their businesses by 1 January.

A top official of the Thai empowerment ministry said only Thais had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation's Thai empowerment laws, the state-controlled newspaper reported Friday.

Those laws demand foreign businesses to cede 51% control to local Thais.

The foreign shop owners have been criticized for taking retail trade opportunities from Thai traders by offering better service and prices.

Poor townships and city flea markets have in recent years been inundated by shops run by foreigners.

According to state media, shop owners who fail to comply will be arrested."

news24.com

^Do tell...

Happened here in Oman years ago, shelves ran dry and Omani nationals took over, seems to have gone back to normal with Indians running the shops but shop is owned by Omani nationals on paper and get a monthly kick back.

I wouldn't be surprised to see that news on tax exile's post here for real.

^Uhmm.... it *is* the law already.

This is the way it is in Thailand,it is the that way already in Thailand ,but the Thais will still run a business or shop more efficiently than a black Zimboian.