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and Economic Empowerment Act, General Notice 459 of 2011
October 28, 2011
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Asset Value, Lesser Share and Maximum Period for Businesses to Indigenise
in the Manufacturing Sector
IT is hereby
notified that Minister of Youth Development, Indigenisation and
Empowerment has, in terms of section 5(4) as read with section 5A(4)
of the Indigenisation
and Economic Empowerment (General) Regulations, 2010 (the principal
regulations) prescribed with respect to the manufacturing sector
minimum net asset value above which a business is required to
comply with the principal regulations; and
(b) lesser share than the minimum indigenisation and empowerment
quota that indigenous Zimbabweans may hold; and
(c) maximum period a business may continue to operate before it
attains the minimum indigenisation and empowerment quota;
in the Schedule.
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