It is reported that Zimbabwe's president Minangaguwa overturned the amendment to the localization policy in the finance act the day after the end of his annual leave. He reiterated that Zimbabwe's mining investment is fully open to foreign investment and does not require any proportion of local entities to hold shares. On February 2, the Ministry of Finance and the Ministry of mining issued a joint statement confirming the news, saying that the regulation that "51% of the shares of mining enterprises must be compulsorily participated by designated local entities" has been deleted.