DISTRIBUTED BY VERITAS
VERITAS MAKES EVERY EFFORT TO ENSURE THE PROVISION OF RELIABLE INFORMATION,
BUT CANNOT TAKE LEGAL RESPONSIBILITY FOR INFORMATION SUPPLIED.
Act 14 of 2007
Gazetted:
Friday 7th March 2008
Commencement: Thursday 17th April 2008 (fixed in terms of section 1(2) by SI 63A/2008)
Amended: By section 9 of General Laws Amendment Act, 2011 (No. 5 of 2011) with effect
from 17th May 2011 [the amendment is to section 3(6) by the deletion of "company" and the
substitution of "business"]
INDIGENISATION AND ECONOMIC EMPOWERMENT ACT [CHAPTER 14:33]
Acts 14/2007, 5/2011
ARRANGEMENT OF SECTIONS
PART I
PRELIMINARY
Section
1. Short title and date of commencement.
2. Interpretation.
PART II
INDIGENISATION AND ECONOMIC EMPOWERMENT:
GENERAL OBJECTIVES AND MEASURES
3. Objectives and measures in pursuance of indigenisation and economic empowerment.
4. Power of Minister to review and approve indigenisation and empowerment arrangements.
5. Enforcement of notification and approval requirements.
6. Referral to Minister of proposed notifiable transactions in respect of which no
counterparties have yet been identified.
PART III
ESTABLISHMENT AND FUNCTIONS OF THE NATIONAL INDIGENISATION
AND ECONOMIC EMPOWERMENT BOARD
7. Establishment and appointment of the National Indigenisation and Economic
Empowerment Board.
8. Functions of Board.
9. Chief executive officer and staff of Board.
10. Reports of Board.
11. Minister may give Board directions in national interest.