10
(a) the extent to which the proposed investment will lead to the creation of employment
opportunities and the development of human resources; and
(b) the degree of export orientation of the project; and
(c) the impact the proposed investment is likely to have on the environment and, where
necessary, the measures proposed to deal with any adverse environmental consequences;
and
(d) the possibility of the transfer of technology; and
(e) any other considerations that the Authority considers appropriate.
26 Approval or refusal of application for investment licences
(1) The Authority shall without delay approve or refuse to approve any application for an
investment licence submitted to it in terms of section twenty-three.
(2) The Authority may impose such conditions on the issue of any investment licence it
considers appropriate.
(3) Where the Authority approves an application in terms of subsection (1), the Authority shall
issue to the applicant an investment licence in the prescribed form specifying—
(a) the name, nationality and address of the applicant; and
(b) in the case of a company, the registered office of the company and the names and
nationalities of the directors of the company; and
(c) a description of the proposed investment, and of the approved activity which will be
authorized by the licence; and
(d) the nature and the amount or value of the foreign assets to be invested and, where
applicable, the period or periods within which they shall be invested; and
(e) the date of issue and expiry of the licence; and
( f ) any conditions fixed by the Authority in terms of subsection (2); and
(g) any other matters which the Authority considers necessary to give effect to this Act.
(4) The Authority may vary or amend any conditions imposed in terms of subsection (2), where
it is informed of any changes relating to the investment in terms of section thirty.
27 Period of validity of licences
Any investment licence shall be valid for a period of ten years from the date of issue, during
which period the licensed investor shall implement the proposed investment.
28 Renewal of investment licences
A licensed investor may renew his investment licence before its expiry and an application for
renewal shall be made in such form and manner and within such period as may be prescribed and
shall be accompanied by such fee, if any, as may be prescribed.
29 Register of licences
(1) The Authority shall maintain or cause to be maintained a register of—
(a) investment licences, including any conditions subject to which each licence was issued;
and
(b) any amendments, suspensions or cancellations of investment licences.
(2) The register kept in terms of subsection (1) shall be open for inspection by members of the
public at all reasonable times at the offices of the Authority on payment of the prescribed fee, if any.
30 Investor to notify Authority of non-implementation investment
(1) Where for any reason a licensed investor is unable to implement the investment described in
his investment licence, he shall notify the Authority of his inability to implement such investment,