Indigenisation and Economic Empowerment Act updated as at 8th May 2015 ACT To provide for support measures for the further indigenisation of the economy; to provide for support measures for the economic empowerment of indigenous Zimbabweans; to provide for the establishment of the National Indigenisation and Economic Empowerment Board and its functions and management; to provide for the establishment of the National Indigenisation and Economic Empowerment Fund; to provide for the National Indigenisation and Empowerment Charter; and to provide for matters connected with or incidental to the foregoing. ENACTED by the President and the Parliament of Zimbabwe. PART I PRELIMINARY 1 Short title and date of commencement (1) This Act may be cited as the Indigenisation and Economic Empowerment Act [Chapter 14:33]. (2) This Act shall come into operation on a date to be fixed by the President by statutory instrument.2 2 Interpretation (1) In this Act— "approve", in relation to a transaction referred to in section 3(1)(b), (c), (d) or (e), means approve in terms of section 4; “Board ” means the National Indigenisation and Empowerment Board established in terms of section 7(1); “business” means any company, association, syndicate or partnership of persons that has for its object the acquisition of gain by the company, association, syndicate or partnership, or by the individual members thereof, whether the business is registered in terms of the Companies Act [Chapter 24:03] or otherwise; “business association” means any voluntary organisation representing the interests of any class of business; "certificate of compliance" means a final or provisional certificate issued for the purposes of section 3(8); 3 2 The date fixed was 17th April 2008 [SI 63A/2008] -3-