Mugabe approves indigenous ownership law

President Robert Mugabe has signed a law requiring all foreign companies operating in Zimbabwe to give majority equity to black Zimbabweans, a move analysts see as the final nail in the coffin of the country's economy. More than 200 British and South African firms that have invested heavily in Zimbabwe will be affected, including Lever Brothers, Barclays Bank, Standard Chartered Bank, Standard Bank, Stanbic Bank, Impala Platinum, Angloplat, Mettalon Gold, Rio Tinto, Edcon, Merchant Bank of Central Africa and several enterprises owned by Anglo American.