[fin24] Chinhoyi [formerly colonial Sinoia] - Zimbabwean President Robert Mugabe said on Friday his government would soon ban private trade in gold, and require producers to sell the mineral through a state company.MugabeGold ?
Addressing an annual conference of his Zanu-PF party, Mugabe also warned that platinum miners, including the local unit of South Africa's Implats Platinum, must build a refinery within two years or risk losing their licences.
Presidential lectures, warnings, all too familiar.
The Zanu-PF government, he said, was determined to drive its black economic empowerment programme forcing foreign-owned firms to sell majority stakes to locals and helping to industrialise the country.
Yes indeed, nationalization generally creates exceptional growth.... elsewhere.