No. l 2018 "community share ownership scheme" means a scheme refened to in section 1-J.B of the Indigenisation and Economic Fmpowennent (General) Regulations, 20 I 0, published in Statutory Instrument 21 of20l0, subject to any amendment or replacement of that section or those regulations from time to time: "designated extracti\ e business" means a company, entit) or business referred to in section 3( I)": "reserYed sector of the economy" means the sector comprisin1! those kinds of businesses resen ed f()f citit.ens of/imhahwt· under the f·irst ScheJule; "l nit" means the :\ational lndigenisation and Lconomi<.: I ~mpowennent l 'nit referred to in section ().\:": (h) hy the insertion after section 2 of the following section--- "2A Application of Act For the an)idance of douht it is declared that this .\ct shall not apply to any business in the national economy other than those specified in section 3( I) and those in the reserved sector of the economy, anJ that accorJingly any person is free to ill\' est in, form, operate. anJ acquirl~ the mYuership or control of any business not inc! uded in section _)( I) or in the reserved sector of the economy."; (c) by the repeal of section 3 and the substitution of the following sections-- "3 Objectives and measures in pursuance of indigenisation and economic empowerment ( l) The State shall, by tlus c\ct, or through regulations under this Act or <my other law, secure that at least fifty-one per <'enlum of the shares or other ownership interest of every designated extractive business, that is to say a company. entity or business involved in the extraction of--(a) diamond-:; or (b) platinum; shall be owned through an appropriate designated entity (with or without the participation of a community share ownership sd1eme or employee share ownership scheme or trust, or both). (2) :--ro- (a) merger or restmcturing of the share holding ortwo or more related or associated designated extractive businesses; or (h) acquisition by a person of a controlling interest in a designated extractive business; that requires to he notified to the Competition Commission in tenus of Pm1 IVA of the Competition Ac..~t [Chapter 14:281 shall be approved unless-(c) a tifty-one per cenlum of the shares or other ownership interest in the merged or restructured business is held in the case of a designated extractive business, hy an appropriate designated entity: Provided that some part of the fifty-one per centum here referred to may be held hy a community share ownership scheme or employee share ownership scheme or trust, or both; 20