Government is most likely going to come up with a slightly more relaxed indigenisation policy, a financial analyst John Robertson has said.
“I have heard them speaking of instead of a five year horizon they might give companies 30 years to make sure the change takes place, he told Reuters tv.
“The changes in shares and who owns the shares does’nt actually make a difference to the productive capacity of a country.
“What we need is a climate within which people are prepared to start new companies, where people are prepared to invest extensively.”
He says such a move could boost investor confidence and unlock much needed financial support from international lending instituitions like the World Bank and International Monetary Fund (IMF).
Zimbabwe’s industrial index took an 11 percent dip and the mining index lost two percent on Monday, the first day of trading after Rober Mugabe won the July 31 elections.
Robertson says the economic situation may remain depressed until the incoming government makes a more concrete pronouncement on its policies.
The election is being disputed with the opposition MDC saying it is going to challenge the poll outcome in court.
Mugabe is likely to be sworn in once the court challenge is cleared.