Caledonia Mining Corporation (CMCL)

[Kentucky123]

What will this mean for Caledonia?

Key among the changes to woo investors is a revision of the indigenisation law, a cornerstone of the Mugabe regime. The controversial policy requires 51/49 percent ownership in favour of black Zimbabweans as majority shareholders in companies worth more than $500,000; however, from April 2018, indigenisation will be restricted to the diamond and platinum extractive industries.
Simbarashe Mhuriro, the managing director of Oxygen Africa, a renewable energy company partnered with a Swiss enterprise, Meeco Invest AG, welcomed the policy shift.
"The change in the indigenisation policy means a big change for us. Under indigenisation, the foreign investor could only have a 49 percent stake and they would make less return on their money," he told Al Jazeera.
"However, with the recent changes, it means the investor assumes a bigger risk, but at the same time, big developers can get real value on their dollar across different industries. This may encourage other investors to take a look at Zimbabwe again."

https://www.news24.com/Africa/Zimbabwe/continued-occupation-of-streets-by-zim-army-scares-away-investors-opposition-20171210