100% indigenisation and economic empowerment

Fulfilling its economic empowerement strategy the ruling party has imposed that all companies operating in the country will have to buy 50 percent of their goods and services from indigenous suppliers if ongoing amendments to the Indigenisation and Economic Empowerment Regulations are approved. Section 12 of Statutory Instrument 21-2010, as amended in March, required that all public institutions procure at least 50 percent of their goods and services from indigenous suppliers. however thois proves to be ac challenge to a lot of companies which is likely to lead to empowerment the closing down of many as it was in 2008