Zimbabwe Platinum Mines on Thursday is set to launch the country’s first community share ownership trust (CST)under the country’s indigenisation policy.

The Australian listed platinum miner is set to cede 10% of its shares to the Ngezi community were its carries out its mining operations.

According to the indigenisation ministry CST’s “shall be between 5 to 11 members depending on the size of the defined community in relation to the business concerned. The chief shall be the chairperson of the CST. The chairperson of the (RDC) shall be a trustee (whilst) the chief executive of the RDC shall be the secretary of the CST,”.

The ministry further states that “Monies accruing to the trust from such shareholding in a business shall be used for the provision of social and economic infrastructure in line with the priorities of the communities concerned,”.

President Robert Mugabe is expected to officiate at the function.

ADD your comments

Add New | Search

Retro Jordan True Religion Sale (66.85.137.xxx) 2012-03-24 02:33:15 Should you be looking for a Monster Beats, you will get a look at of dre monster beats, and that is Monster Beats Headphones on scorching sale these days, a wide Monster Beats By Dr.Dre Headphones range of people tend to be crazy regarding Retro Jordan 3 and a number of Cheap Jordans supporters even retain Jordan 13 Shoes Sneakers as assortment. Why can be Air Jordan 11 Footwear so common? First of Air Jordans, Jordan 13 is because the brand popularity, Houston Texans Jerseys is known to us of which Arian Foster Jersey can be an excellent gambler. Reply | Quote 0   0

Write comment
Name:
Email:	do not notifynotify
Title:
UBBCode:	-color-aquablackbluefuchsiagraygreenlimemaroonnavyolivepurpleredsilvertealwhiteyellow -size-tinysmallmediumlargehuge
Comment:
	Disclaimer BO.co.zw encourages freedom of speech and the expression of diverse views. The views of users published on BO.co.zw are therefore their own and do not represent the views of BO.co.zw. All posts are monitored by BO.co.zw's editors and grossly derogatory posts will be deleted. The BO.co.zw editorial team will delete your comment should you post abusive comments, use vulgar language or make discriminatory observations.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."