54
“8.
S.C. 128\02
Persons disqualified to be licensed
(1) Subject to subsection (3), a broadcasting licence shall be issued only to
individuals who are citizens of Zimbabwe and ordinarily resident in
Zimbabwe or to a body corporate in which a controlling interest is held,
whether through any individual, company or association or otherwise, by one
or more individuals who are citizens of Zimbabwe and ordinarily resident in
Zimbabwe.
(2)
For the purposes of subsection (1) ‘controlling interest’ means (a)
all of the securities in the body corporate; or
(b)
securities representing all of the share capital of the body
corporate; or
(c)
securities equivalent in value to one hundred per centum of the
share capital of the body corporate; or
(d)
securities entitling the holders thereof to all the votes in the
affairs of the body corporated.
…
(5)
No applicant that is a body corporate shall be qualified
to be licensed if any one person holds or controls more than ten per centum of
the securities in that body corporate.
…
22.2 No person other than a citizen of Zimbabwe ordinarily resident in
Zimbabwe shall be a director of a licensee.”
Paragraph 2 of the applicant’s Founding Affidavit provides as
follows:-
“The applicant is a company duly incorporated with limited liability according
to the laws of Zimbabwe, having as its main object the purpose of carrying on
a broadcasting service within Zimbabwe. Its address for service for the
purposes of this application is that of its undermentioned legal practitioners of
record, Messrs Honey & Blanckenberg, 51 Samora Machel Avenue Harare.”
Select target paragraph3
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