Indigenisation and Economic Empowerment Act updated as at 8th May 2015
PART II
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INDIGENISATION AND ECONOMIC EMPOWERMENT:
GENERAL OBJECTIVES AND MEASURES
Objectives and measures in pursuance of indigenisation and economic empowerment.
Power of Minister to review and approve indigenisation and empowerment arrangements.
Enforcement of notification and approval requirements.
Referral to Minister of proposed notifiable transactions in respect of which no
counterparties have yet been identified.
PART III
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ESTABLISHMENT AND FUNCTIONS OF THE NATIONAL INDIGENISATION
AND ECONOMIC EMPOWERMENT BOARD
Establishment and appointment of the National Indigenisation and Economic
Empowerment Board.
Functions of Board.
Chief executive officer and staff of Board.
Reports of Board.
Minister may give Board directions in national interest.
PART IV
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NATIONAL INDIGENISATION AND ECONOMIC EMPOWERMENT FUND
Establishment and objects of National Indigenisation and Economic Empowerment Fund.
Unit Trust Account of National Indigenisation and Economic Empowerment Fund.
Composition of Fund.
Administration of Fund.
National Indigenisation and Economic Empowerment Charter.
PART V
LEVIES
17. Imposition of levies.
18. Failure to pay, collect or remit levies.
PART VI
GENERAL AND TRANSITIONAL
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Minister may request information
Appeals.
Regulations.
Transfer of assets, obligations, etc. of National Investment Trust to Fund.
Transfer of employees of National Investment Trust to Board and conditions of service of
transferred employees.
FIRST SCHEDULE:
Provisions applicable to Board and committees.
SECOND SCHEDULE:
Rules of Unit Trust Account of Fund.
THIRD SCHEDULE:
Provisions Applicable to Administration of the Fund
FOURTH SCHEDULE:
National Indigenisation and Economic Empowerment Charter
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