indigenisation definition
indigenisation means a deliberate involvement of indigenous Zimbabweans in the economic activities of the country, to which hitherto they had no access, so as to ensure the equitable ownership of the nation’s resources;
indigenisation means the process and objectives contemplated in the Indigenisation Act and the Regulations;
indigenisation means a deliberate involvement of indigenous Zimbabweans in the economic activities of the country, to which hitherto they had no access, so as to ensure the equitable ownership of the nation’s resources; “Indigenous Zimbabwean” means any person who, before the 18th April, 1980, was disadvantaged by unfair discrimination on the grounds of his or her race, and any descendant of such person, and includes any company, association, syndicate or partnership of which indigenous Zimbabweans form the majority of the members or hold the controlling interest;
More Definitions of indigenisation
indigenisation programmes were not the only means by which African governments undermined economic efficiency in the pursuit of patronage sources. Elites also quickly discovered that revenue could be skimmed from the sale of primary commodities by the manipulation of export prices. By forcing domestic producers to sell their output to the government at an artificially deflated price, and then selling these commodities on at the higher world-market price, governments could extract a significant proportion of the profits, at the expense of producers’ incomes. As Bates (1981, p.11-29) described, such measures became commonly implemented in agricultural markets (with the majority of mineral production already under direct state control) as governments took charge of the extant marketing boards, which were already functioning as intermediaries between rural producers and the final goods market. During colonial times these marketing boards had been used to ensure stability of agricultural prices - to peasants’ benefit during times of excess supply, but they now became parastatal enterprises, used as a means of indirectly taxing peasant farmers in order to augment government revenues. Lockwood (2005, p.41) notes that in the 1970s