Zimbabwe Development Corporation Act [Chapter 24:15].
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act provides for the establishment of the Zimbabwe Development Corporation, defines powers and functions of the Corporation and provides for the functioning and financing of the Corporation.
The functions of the Corporation shall include: promotion of a balanced development of the economy of Zimbabwe through investment in rural areas and control of a subsidiary which is a statutory body of the Corporation. The President may, by Notice in the Gazette, specify any statutory body as a subsidiary of the Corporation.
The functions of the Corporation shall include: promotion of a balanced development of the economy of Zimbabwe through investment in rural areas and control of a subsidiary which is a statutory body of the Corporation. The President may, by Notice in the Gazette, specify any statutory body as a subsidiary of the Corporation.
Attached files
Web site
Long title of text
An Act to establish the Zimbabwe Development Corporation; to confer functions and powers on such Corporation to monitor, co-ordinate and guide the activities of the parastatal sector, and to direct, guide and approve the capital investment of various subsidiaries and to provide for the transfer of the whole or part of the financial interest in those subsidiaries to such Corporation; and to provide for other matters incidental to or connected with the foregoing.
Notes
Consolidated version of Act No. 37 of 1984 as amended last by Act No. 22 of 2001.
Repealed
No
Source language
English
Legislation Amendment
No