Renewed panic has gripped Zimbabwe's mining sector after the government last week gazetted new stringent regulations compelling foreign-owned firms to surrender a 51% shareholding to indigenous Zimbabweans.
Subtlety be damned. How obvious can you get. Take a look at this
Under new regulations, all foreign-owned mining companies with a net asset value of $1 would have to cede controlling stakes to indigenous Zimbabweans by September 25 this year.
This is a change from the net value of $500000 gazetted last year.
But wait it gets better.
The Government Gazette, however, defines, the "designated entity" as any one of several specified state-owned or controlled entities or an employee share ownership scheme.
I know we've got problems with our mining sector, but at least we are infinitely more subtle about how we go about it.