No. I 2018 and (d) the appropriate designated entity is equitably represenkd in the governing hody of the merged or restmcturcd entity. (3) :\o unbundling of a designated extracti\'c business or demerger of two or more such businesses shall. if the \·alue of an) business resulting from the unbundling or demerger is at or ab(we a prescribed threshold, be appro\'ed unless-- (a) fifty-one per cenrum in any such resulting business is held by an appropriate designated entity (with or without the pa11icipation of a comnmnity share ownership scheme or employee share ownership scheme or trust or both): and (b) the appropriate designated entity relc!Ted to in subpara~'l-aph (c) is equitably represented in the goveming body of an: such resulting business. (-J.) I\o relinquishment by a person of a controlling interest in a designated extractive business, if tht· value of the controlling interest is at or above a prescribed threshold, shall he approved unless the controlling interest is relinquished to an appropriate designated entit) (with or without the participation of a conmmnity share ownership scheme or employee share ownership scheme or tmst, or both). (5) :\o projected or proposed investment in a prt~scribed sector of the economy available f()r investment by domestic or foreign investors for which an investment licence is required in tem1s of the Zimbabwe Investment Authority Act [Chapter 14:301 shall he approved unless, in the case of a designated extractive bw;iness, a controlling interest in the investment is resen'ed for an appropriate designated entity (with or without the participation of a community share ownership scheme or employee share ownership scheme or tm"t. or both). (6) In the case of a designated extracti,·e business the~ linister rna y pennit the business in writing to do either of the following-(a) to comply with this !\ct within such period as may he prescribed by the ~linister so that indigenisation and empowerment quota can he achieved; or (b) to achieve the indigenisation and empowerment quota through the use of the credits and within and for such period as the Minister shall prescribe. 3A Reserved sectors of the economy ( 1) Subject to subsections (2) and ( 10), only a business owned by a person who is a citizen of Zimbabwe may operate in the reserved sector of the economy. (2) Every business owned by a person who is not a citiLen of Zimbabwe that, before the 1st January, 2018, conunenced operating in the resen·ed sector of the economy may continue to operate if(a) it registers itsclfwith(i) the Zimbabwe Revenue Authority; (ii) the t'nit. in accordance \Vith subsection (3); and (b) it opens and maintains a bank account in accordance with the Bank l-se Promotion Act !Chapter 24:241. 21