11 stating the reasons therefor, within thirty days of his becoming aware of the non-implementation of the investment. (2) A licensed investor shall without delay inform the Authority of any material alteration in the information or particulars furnished by him when he applied for his investment licence. 31 Transfer of licences prohibited No licensed investor shall assign, cede or otherwise transfer his investment licence to any other person without the prior approval of the Authority. 32 Power to visit premises and inspect documents The Authority may visit any premises and inspect any financial statements, books and other documents in order to ensure compliance with any conditions subject to which any investment licence was issued. 33 Suspension and cancellation of licences (1) The Authority may suspend or cancel any investment licence where the licensed investor— (a) obtained the licence on the basis of fraud or negligent misrepresentation or any false or misleading statement; or (b) assigns, cedes or otherwise transfers the licence to another person without the prior approval of the Authority; or (c) fails without reasonable explanation to implement the approved activity described in the licence within the period stipulated or any extension thereof; or (d) fails to comply with any conditions imposed on the issue of the licence. (2) The Authority shall, before taking any action in terms of subsection (1), notify the licensed investor of its intention to suspend or cancel the investment licence concerned and the reasons therefor, and call upon the licensed investor to show cause, within such reasonable period as may be specified in the notice, why his investment licence should not be suspended or cancelled, as the case may be. (3) If, at the expiration of the period specified in the notice given in terms of subsection (2), and after considering any representations made by the licensed investor, the Authority is satisfied for any reason specified in subsection (1) that the investment licence concerned should be suspended or cancelled, the Authority may, by notice in writing to the applicant, suspend or cancel the licence or take such other action as it considers appropriate, including suspending or cancelling any incentives to which the licensed investor may be entitled in terms of this Act. 34 Appeals to Minister (1) Any person who is aggrieved by a decision of the Authority in terms of this Part may, within thirty days after the date of the decision, appeal against the decision to the Minister. (2) The Minister may on an appeal in terms of subsection (1), within sixty days after the appeal was noted— (a) confirm, vary or set aside the decision of the Authority; (b) remit the matter to the Authority for further consideration with such directions or advice as he considers necessary. 35 Protection from compulsory acquisition of property Except in accordance with a law which complies in all respects with section 16 of the Constitution, no property or interest or right therein of a licensed investor to whom an investment licence has been issued in terms of this Act shall be compulsorily acquired.