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High Court rules in favour of Daily News By
Staff Reporter The sources said an additional requirement that a majority shareholder in a media house should also be a resident of Zimbabwe could be included. Currently the law only states that a majority shareholder should be a citizen of Zimbabwe, but the new amendments could see the majority shareholders being required to be resident in the country as well. "There was a meeting last week to discuss possible changes to registration requirements and one change that is likely to be introduced is the requirement that the majority shareholder of a media organisation should be a permanent resident of Zimbabwe," a source told The Financial Gazette this week. "This would be over and above the requirement that the majority shareholder should be a citizen of Zimbabwe . . . in other words, one has to be a citizen of Zimbabwe who is a permanent resident of Zimbabwe." The ANZ, which publishes The Daily News and The Daily News on Sunday, is battling to get registered after it was forcibly closed by the government in September last year for allegedly operating without a licence after it lost its Supreme Court challenges to the requirement that it registers with the MIC. The ANZ’s majority shareholder, Strive Masiyiwa, resides in South Africa. The executive chairman of the MIC, Tafataona Mahoso, pleaded ignorance of any such moves, saying that if there were any, there could be taking place in the law-making process of which the MIC is not part to. "It
is ridiculous to ask me about such things because laws are made by Parliament
. . . all we are there for is to implement the laws not to make them,"
Mahoso said. "There is no Parliament here (at the MIC)." |
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