Indigenisation and Economic Empowerment Act updated as at 8th May 2015
PART III
ESTABLISHMENT AND FUNCTIONS OF THE NATIONAL INDIGENISATION AND ECONOMIC
EMPOWERMENT BOARD
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Establishment and appointment of the National Indigenisation and Economic
Empowerment Board
(1) There shall be a Board to be known as the National Indigenisation and Economic
Empowerment Board, consisting of the chief executive officer ex officio and not less than
eleven and not more than fifteen members appointed by the Minister after consultation with the
President, of whom—
(a) one member shall be the Secretary of the Ministry for which the Minister is
responsible; and
(b) at least one member shall represent any organisation which the Minister considers to
be representative of women or women’s organisations; and
(c) at least one member shall represent any organisation which the Minister considers to
be representative of youths or youths organisations; and
(d) at least one member shall represent any organisation which the Minister considers tro
be representative of disabled persons or disabled persons’ organisations; and
(e) at least one member shall be a legal practitioner registered as such in terms of the
Legal Practitioners Act [Chapter 27:07]; and
(f) at least two members shall be persons whom the Minister considers to be
knowledgeable or experienced in issues of indigenisation and economic
empowerment;
(g) three shall be nominated by the heads of Ministries that the Minister considers to be
the most important Ministries for the purposes of advancing indigenisation and
economic empowerment.
(2) The Minister shall designate one member to be the chairperson of the Board and
another to be the vice-chairperson, and the vice-chairperson shall exercise the functions and
powers and perform the duties of the chairperson during any period that the chairperson is
unable to act.
(3) The First Schedule applies to the qualifications of members of the Board, their terms
and conditions of office, vacation of office, suspension and dismissal, and the procedure to be
followed by the Board at its meetings.
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Functions of Board
The functions of the Board shall be—
(a) to advise the Minister on the Government’s indigenisation and economic empowerment
strategies; and
(b) to advise the Minister on appropriate measures for the implementation of the objectives of
this Act; and
(c) to administer the Fund in terms of section 15; and
(d) to oversee compliance with the Charter; and
(e) to perform such other functions as may be imposed or conferred upon the Board under
this Act or any other enactment.
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