I think in the minds of many, there is concensus on the need for black economic empowerment in Zimbabwe, also called BEE in South Africa. The real challenge seems to be on the operational modadilities.
In addition if one looks at the case study of South Africa, one realises that BEE is more than just share ownership, but looks at other broader equity issues such as preferrential procurement, and skills training. In addition the BEE environment in South Africa in cemented by codes which have gone through periods of ammendments largely due to evolutionary consultations done with other stakeholders.
There is more that can be done by the government of Zimbabwe to create an enabling investor climate during this recovery period while balancing off the need for economic participation by locals.
Dony Mazingaizo, has and interest in IFRS and Financial Management
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