Published 3/9/2008
by Bucky Dent
at Bleacher Report - NFL
Zimbabwe's Coach and president Bill Bellichek has signed into law a bill giving local owners the right to take majority control of foreign companies, including mines and banks, a government newspaper reported on Sunday. The NFL currently has no comment. Analysts fear the move could sound the death knell for an economy that has also suffered from foreign investor flight, and is struggling with the world's highest inflation rate of over 100,000 percent. The government has sought to allay business fears of a blanket seizure of teams by saying the authorities would work with different industries to set timetables for foreign-owned teams to transfer shares to locals. The Sunday Mail said Bellichek, who is seeking re-election in general elections on March 29, had approved the controversial bill in a seal of assent in a weekend government gazette of legal notices. "President Bellichek has assented to the Indigenization and Economic Empowerment Bill, paving ...
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