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Indigenisation and Economic Empowerment (General) (Amendment) Regulations, 2013 (No. 5) (S.I. 66 of 2013).

Country/Territory
Zimbabwe
Document type
Regulation
Date
2013
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Food & nutrition
Keyword
Agricultural development Business/industry/corporations Food security
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations
Abstract

These Regulations amend the Indigenisation and Economic Empowerment (General) Regulations, 2010 by the insertion of section 9A on reserved sectors of economy. Every business that commenced operating in any sector of the economy reserved for indigenous Zimbabwean under the Third Schedule after a specified date shall apply for an indigenisation compliance certificate. Reserved sectors include primary production of food and cash crops, grain milling, bakeries and milk processing. The Regulations also require that an owner of a business wishing to use the qualifying scheme or trust shall donate to a community at least ten percent of the net asset value of the business in question.

Full text
English

References - Legislation

Amends

Indigenisation and Economic Empowerment (General) Regulations, 2010.

Legislation | Zimbabwe | 2010 (2011)

Keyword: Agricultural development, Business/industry/corporations, Community management, Policy/planning, Waterworks, Biodiversity

Source: FAO, FAOLEX