2014
DOI: 10.5296/jpag.v4i4.6624
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Contribution of the Bindura Community Share Ownership Trust to Rural Development in Bindura Rural District Council of Zimbabwe

Abstract: This research analysed the contribution of the Bindura Community Share Ownership Trust (BCSOT) to Bindura Rural District Council (BRDC) in Mashonaland Central Province of Zimbabwe. Key informant interviews and the survey questionnaire were used for primary data collection while secondary sources such as the Indigenisation and Economic Empowerment Act of 2007 and Statutory Instrument of 2010 which established the Community Share Ownership Trusts were analysed. The research found that 45 projects had been embark… Show more

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(3 citation statements)
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“…When asked about what the situation was like before the emergence of the Trust, 76% of the participants stated that only a few individuals were employed at the adjacent growth points and in Turf Town whereas more than 75% were unemployed leading to masses migrating to urban areas seeking for employment and a better life. According to Kurebwa et al (2014), empowerment policies should ensure that ownership and control of resources and factors of production is transferred into the hands of the previously marginalised indigenous people. ZMNCZCSOT as an empowerment tool has therefore managed to reduce unemployment rates in its three districts to mention ward 11 in particular where it started a brick laying company, Turf Moulding Company, for women who manufacture and sell bricks.…”
Section: Broad Based Empowermentmentioning
confidence: 99%
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“…When asked about what the situation was like before the emergence of the Trust, 76% of the participants stated that only a few individuals were employed at the adjacent growth points and in Turf Town whereas more than 75% were unemployed leading to masses migrating to urban areas seeking for employment and a better life. According to Kurebwa et al (2014), empowerment policies should ensure that ownership and control of resources and factors of production is transferred into the hands of the previously marginalised indigenous people. ZMNCZCSOT as an empowerment tool has therefore managed to reduce unemployment rates in its three districts to mention ward 11 in particular where it started a brick laying company, Turf Moulding Company, for women who manufacture and sell bricks.…”
Section: Broad Based Empowermentmentioning
confidence: 99%
“…Guided by the enabling legislation as detailed in the Indigenization and Economic Empowerment Act (IEEA), the starting point was the mining sector (Tsvakanyi, 2012). This was based on the reality that mining companies have been, for years, extracting and shipping out natural resources (minerals) without giving anything to the locals; the custodians of the resources as propounded by Kurebwa et al (2014) who states that even though Zimbabwe is endowed with huge natural resources such as reserves of coal, uranium, gas, lithium, gold, antimony, iron, steel, and chrome and is the world's second largest platinum producer after South Africa, much of it has been exported to help develop and improve the livelihoods of foreigners leaving the indigenous people of Zimbabwe especially those living in rural areas amongst the poorest in the world. According to this Act, all mining companies were therefore to cede at least 10% ownership of their companies' produce to local communities.…”
Section: Introductionmentioning
confidence: 99%
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