FACTBOX: Foreign companies in Zimbabwe

Thu Sep 27, 2007 12:00pm EDT

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(Reuters) - Foreign-owned companies in Zimbabwe said on Thursday they were assessing the likely effects on their business of a new law forcing them to give local owners majority holdings.

The empowerment bill, pushed through parliament by the government on Wednesday, will give Zimbabweans a 51 percent stake in foreign firms, including the important mining and banking sectors.

Following is a list of some of the major foreign-owned companies in Zimbabwe, according to a company registry.

British American Tobacco

Barclays Bank

Standard Bank

Stanbic Bank

Standard Chartered

CABS Building Society

Old Mutual (insurance and real estate)

Rio Tinto (gold miners)

Anglo American Corp (agro-industry and mining)

Impala Platinum

Zimplats (majority owned by Impala)

Freda Rebecca (gold miners)

Falgold (gold miners)

Metallon Gold

Aquarius Platinum

Rio Tinto (Murowa diamond mine)

Mimosa Mining Company (platinum)

River Ranche Diamond Mine

Unki (platinum)

Murray & Roberts (construction)

Border Timbers

Hippo Valley Sugar Estates

Triangle Sugar Estates


BP (British Petroleum)


Engen (majority-owned by Malaysia's national oil company Petronas)

David Whitehead (textile)

Edgars Stores (clothing)

National Tyre Services

Delta Corporation (beverages)

Circle Cement (Circem)

Price Waterhouse

Bata Shoe Company

Spar (grocery chain)


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