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(ZIMBABWE GUARDIAN) Zimbabwe indigenisation documents for download

Zimbabwe indigenisation documents for download
By: EDITOR'S NOTE
Posted: Tuesday, March 30, 2010 1:53 am

JUDGING by the quality of debate on the Indigenisation and Economic Empowerment Act 14, 2007 and the accompanying regulations, we strongly feel that everybody should have a copy of these two important documents; especially journalists because they inform (or misinform) the public.

We hereby provide links to the two documents in the hope that analysts, journalists and members of the public in general will help themselves to them inorder to have informed debate on the empowerment legislation.

The Act was passed by parliament towards the end of 2007, gazetted on March 7, 2008, and was signed into law on April 17 2008. This provided for all companies operating in Zimbabwe with a turnover of over US$500,000 to arrange for 51% of their shares or interests therein to be owned by indigenous Zimbabweans.

On January 29, 2010, the Zimbabwe Government published regulations with respect to the Act that include the requirement for companies operating in Zimbabwe to provide specified information to the Minister of Youth Development, Indigenisation and Empowerment, including an indigenisation implementation plan, by April 15, 2010.

Downloads

> Download PDF of the full Indigenisation and Economic Empowerment Act 14, 2007 (230KB)

> Download a PDF of Statutory Instrument 21 of 2010 (2,3MB)

Labels: INDIGENIZATION AND EMPOWERMENT ACT (ZIMBABWE)

posted by MrK @ 3:00 PM