Indigenisation and Economic Empowerment Act updated May 2011 (b) to provide finance for business start-ups, rehabilitation and expansion; (c) to finance market research in connection with the objectives of the Act; (d) to finance capacity-building projects on behalf of indigenous Zimbabweans; and (e) any other purpose which the Minister considers will promote the economic empowerment of indigenous Zimbabweans. 13 Unit Trust Account of National Indigenisation and Economic Empowerment Fund (1) Subject to this section, the National Investment Trust of Zimbabwe (hereafter in this section called “the Trust”) established by a Notarial Deed of Trust on the 18th July, 1999, and registered in the Deeds Registry (No. MA635/2000) is, with effect from the transfer date referred to in section 22, revoked and all its assets and liabilities are transferred to a special account of the National Indigenisation and Economic Empowerment Fund called the “Unit Trust Account”. (2) Notwithstanding subsection (1)— (a) units held by unit holders or investors in the Trust on or before the transfer date shall, on and after the transfer date, be deemed to be units held by those unit holders or investors in the Unit Trust Account of the Fund; (b) the provisions of the Notarial Deed of Trust of the National Investment Trust of Zimbabwe (hereafter in this section called “the Trust Deed”), as incorporated in the Second Schedule with such consequential amendments as are required to bring it into compliance with this section, shall continue to apply to existing and future unit holders or investors in the Unit Trust Account of the Fund. (3) For the purposes of subsection (2)(b)— (a) references to the “Trust” in the Trust Deed are substituted in the Second Schedule by references to the Unit Trust Account of the Fund; (b) references to the “Trustees” in the Trust Deed are substituted by references to the Board in the Second Schedule: (c) references to the “managers” in the Trust Deed shall be construed as references to the managers of individual unit portfolios within the Unit Trust Account of the Fund, except insofar as the functions of any manager are assumed and exercised by the chief executive officer on behalf of the Board. (3) Subject to paragraph 55 of the Second Schedule, the Minister may, on the recommendation of or after consultation with the Board, amend the Second Schedule by notice in a statutory instrument: Provided that no such amendment shall impose upon any unit holder any obligation to make any further payment in respect of his unit or to accept any liability in respect thereof. 14 Composition of Fund The Fund shall consist of— (a) any moneys that may be payable to the Fund from moneys appropriated for the purpose by Act of Parliament; and - 12 -