Related documents
- Is amended by Finance (No. 2) Act, 2020
Zimbabwe
Indigenisation and Economic Empowerment Act
Chapter 14:33
- Commenced on 17 April 2008
- [This is the version of this document as it was at 14 March 2018 to 30 December 2020.]
- [Note: This version of the Act was revised and consolidated by the Law Development Commission of Zimbabwe]
Part I – Preliminary
1. Short title and date of commencement
This Act may be cited as the Indigenisation and Economic Empowerment Act [Chapter 14:33].2. Interpretation
2A. Application of Act
For the avoidance of doubt it is declared that this Act shall not apply to any business in the national economy other than those specified in section 3(1) and those in the reserved sector of the economy, and that accordingly any person is free to invest in, form, operate, and acquire the ownership or control of any business not included in section 3(1) or in the reserved sector of the economy.[section inserted by Act 1 of 2018]Part II – Indigenisation and economic empowerment: General objectives and measures
3. Objectives and measures in pursuance of indigenisation and economic empowerment
3A. Reserved sectors of the economy
4. Power of Minister to review and approve indigenisation and empowerment arrangements
5. ***
[repealed by Act 1 of 2018]Part III – National Indigenisation and Economic Empowerment Unit
[Part III substituted by Act 1 of 2018]6. Establishment, composition and location of Unit
There shall be a Unit in the Ministry responsible for the administration of this Act, known as the National Indigenisation and Economic Empowerment Unit, having the following special features, namely that—7. Functions of Unit
8. Further provisions on the Director, staff, agents and inspectors of Unit
9. Inspectors and their powers
10. Unit to have access to information
11. Confidentiality
11A. Reports of Unit
Part IV – National Indigenisation and Economic Empowerment Fund
12. Establishment and objects of National Indigenisation and Economic Empowerment Fund
13. Unit Trust Account of National Indigenisation and Economic Empowerment Fund
14. Composition of Fund
The Fund shall consist of—15. Administration of Fund
16. ***
[section repealed by Act 1 of 2018]Part V – Levies
17. Imposition of levies
18. Failure to pay, collect or remit levies
Part VI – General and transitional
19. Minister may request information
20. Appeals
21. Regulations
22. Transfer of assets, obligations, etc. of National Investment Trust to Fund
23. Transfer of employees of National Investment Trust to Board and conditions of service of transferred employees
History of this document
31 December 2020 amendment not yet applied
Amended by
Finance (No. 2) Act, 2020
14 March 2018 this version
Consolidation
17 April 2008
Commenced
Cited documents 0
Documents citing this one 1
Judgment 1
1. | Unki Mine (Private) Limited v ZIMRA (15 of 2022) [2022] ZWSC 15 (3 February 2022) |