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Indigenisation and Economic Empowerment Act, General Notice 459 of 2011
Parliament of Zimbabwe
October 28, 2011

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Net 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 the -

(a) appropriate 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;

as indicated in the Schedule.

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