Indigenisation and Economic Empowerment (General) Regulations, 2010.
Country
Type of law
Regulation
Date of original text
Date of latest amendment
Abstract
These Regulations, made under section 21 of the Indigenisation and Empowerment Act, concerns, among other things, approval and amendment of provisional indigenisation implementation plans and prescription of thresholds and timeframes and establishment of sectoral and selected subsectoral committees for purposes of indigenisation. Indigenisation concerns protection of the Zimbabwean economy against excessive foreign investment. The Regulations also concern management share ownership schemes, employee share ownership schemes or trusts, Community share ownership schemes or trusts, and other arrangements for indigenisation. Schemes for community share ownership concern the exploitation of natural resources, which includes the air, soil, waters and minerals of Zimbabwe;(b) the mammal, bird, fish and other animal life of Zimbabwe; (c) the trees, grasses and other vegetation of Zimbabwe; (d) the springs, vleis, sponges, reed-beds, marshes, swamps and public streams of Zimbabwe; (e) any landscape, scenery or site having aesthetic appeal or scenic value or of historic or archaeological interest. Sectors reserved against foreign investment in favour of indigenous Zimbabweans includes primary production of food and cash crops. Community schemes shall have regard to various infrastructural requirements including the development and maintenance of water works and water sanitation works.
Attached files
Notes
Consolidated version of Statutory Instrument No. 21 of 2010 as amended last by SI 84/2011 of 27th July 2011.
Repealed
No
Source language
English
Legislation Amendment
No