No. l
2018
(9) .\n)o person who intcti'crcs with or ohstrm:ts an official
referred to 111 subsections (7) and (8) in the ewcution of their functions
shall he guilty of an offence and liable to tine not ncceding kvcl ten
or to imprisonment for a period not e"cceding two years or to hoth
such fine and such imprisonment
(I 0) Subject to suhscction ( 11), a person who is not a
Zimbah\\can citizen may, after the I st January, 2018, invest in a
business in the reserved sector of the economy if that business meets
such criteria or threshold as th(• ~linister will prescribe based on the
following objectives(a)
significant and sustainable employment creation in
Zimbabwe;
(b)
the transfer of skills and tee hnology for the henetit of the
people of Zimba hwe:
(c)
the creation of sustainahlc value chains;
(d)
other prescribed socially ami economically desirable
objectives.
(II) l :or the purpose of subsection ( I0) -(a)
the proposed investor in question shall lodge a written
application with the l'nit illustrating how it meets or
intends to meet the applicable criteria or threshold
prescribed under subsection ( 10);
(b)
the {'nit shall, within seven d<I)S of receiving the
application or such longer period as the {'nit and the
proposed investor may agree, forward the application,
together \Vith its recommendations thereon, to the
Minister; and
(c)
the \Jinister shall, a tier considering the application, grant
or refuse it, and if the \ iinister grants it, shall fumish to tiK'
applicant, free of charge, a permit allowing it to undertake
the investment:
Provided that the grant of any stKh permit and
the name of the proposed investor in question shall be
published by notice in the Ga::.erre ";
(d)
by the repeal of sections 5 and 6;
(e)
by the repeal of Part III and the substitution of"PART III
:\Xl'IO~AL h1)!GF."'IS.\TIOS .\ND J:':cnso!\HC
Ei\ll'O\VERi\iE!'<i' l'l\'IT
6
Establishment, composition and location of
Unit
There shall he a Lnit in the I\finistry responsible
for the administration of this Act, known as the
National Indigenisation and Economic Empowerment
l 1nit, having the follov,·ing special features, namely
that(a)
23
it shall be headed hy a Director whose
post shall he a post in the Civil Sen·ice;