http://www.telegraph.co.uk/news/wor...bwe-to-open-a-blacks-only-stock-exchange.html
The plan to grab mining companies, most of which are South African-owned, follows President Robert Mugabe's landslide re-election last week.
Saviour Kasukawere, the 'indigenisation' minister, said on Tuesday that the government or black Zimbabweans would take 51 per cent of the shares in all major foreign-owned companies, valued at about £4.8 billion. No compensation will be paid.
The regime wants to control mining companies and in particular Zimplats, a major platinum producer which is largely owned by South Africa's Impala Platinum Holdings.
Mr Kasukawere said that mining companies which do not "cede" 51 per cent of their shares to black Zimbabweans or the state would risk losing their operating licenses.
He said the value of the natural resources or underground metals extracted by the companies were sufficient to pay for majority shareholdings.