July 26 (Bloomberg) -- Zimbabwe’s indigenization and black empowerment minister Saviour Kasukuwere was censured by the parliamentary legal committee for publishing decrees that are unconstitutional, the Financial Gazette said.
Kasukuwere, who wrote the Indigenization and Empowerment Act, subsequently decreed that foreign and white Zimbabwean-owned companies must dispose of 51 percent of their shares to “designated entities,” the Harare-based weekly said on its website. Kasukuwere’s definition of a designated entity isn’t constitutional because it doesn’t allow businesses to choose their partners, the Financial Gazette said.
The newspaper didn’t say what action, if any, would be taken against Kasukuwere.
To contact the reporter on this story: Brian Latham in Harare, Zimbabwe at email@example.com.