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Episode details

World Service,31 Dec 2013,55 mins

Pressure on foreign businesses in Zimbabwe

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Small foreign-owned businesses in Zimbabwe have less than 24 hours to meet controversial new ownership rules as part of President Mugabe’s indigenisation programme. But will this have a positive impact on the country’s economy? The British retailer, Tesco, has announced it will invest over 110 million dollars to set up a chain of supermarkets in India. We take a look at President Hollande’s ‘Millionaires’ Tax’ which has now been approved by France’s constitutional council; will imposing a 75% tax rate on the super-rich be detrimental to future investment? Reporter Matthew Davies travels to Ghana to find out how small-scale gold miners are being affected by the decreasing price of gold. And we explore the potential commercial value of drones. Journalist Lee Carter in Toronto and columnist Jyoti Malhotra in Delhi join us to discuss these stories.

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