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Zimbabwe Plans to Seize Mines While Compensating Banks

Indiginization Minister Saviour Kasukuwere said the government does plan to compensate bank owners as it takes control of their companies. Photographer: Jekesai Njikizana/AFP via Getty Images
Indiginization Minister Saviour Kasukuwere said the government does plan to compensate bank owners as it takes control of their companies. Photographer: Jekesai Njikizana/AFP via Getty Images

Aug. 6 (Bloomberg) -- President Robert Mugabe’s government plans to seize control of foreign-owned mines without paying for them as part of a program to accumulate $7 billion of assets following his July 31 election victory, a minister said. * Story Link:NSN MR47FY6S973Z<GO>

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