More Details Emerge on Zimbabwe's Employee Ownership Plan

According to an October 11, 2011, article from the Herald, the government-owned newspaper of Zimbabwe, 5% of the shares in public companies in Zimbabwe have been set aside for employees, with a special preference for youth and women. Another 3% are to be set aside for management. The transfers result from the Zimbabwe Indigenisation and Economic Empowerment Act, which originally had the goal that indigenous Zimbabweans own at least 51% of the shares of "every public company and any other business." Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere said the program will see "see the generality of workers in all companies acquiring a stake and becoming part-owners of the business."