Chapter 22:20
Sovereign Wealth Fund of Zimbabwe Act
10/2013
(b) on the date he or she begins to serve a sentence of imprisonment, whether or not any portion has been
suspended, imposed without the option of a fine—
(i) in Zimbabwe, in respect of any offence; or
(ii) outside Zimbabwe, in respect of conduct which, if committed in Zimbabwe, would have
constituted an offence;
or
(c) if he or she becomes disqualified in terms of paragraph 2(1) (a), (b), (c), (d) or (f), or in terms of
subparagraph (2) of that paragraph, to hold office as a member; or
(d) if he or she is required in terms of subparagraph (2) or (3) to vacate his or her office as a member.
(2) The Minister may require a member to vacate his or her office if—
(a) the member has been guilty of conduct which renders him or her unsuitable to continue to hold office
as a director; or
(b) the member has failed to comply with any condition of his or her office fixed in terms of paragraph 7;
or
(c) the member is mentally or physically incapable of efficiently performing his or her duties as a member;
or
(d) the member contravenes paragraph 9; or
(e) the member or his or her spouse engages in any occupation, service or employment, or holds any asset,
which in the Minister’s opinion is inconsistent with his or her duties as a member.
(3) The Minister, on the recommendation of the Board, may require a member to vacate his or her office if
the Minister is satisfied that the member has been absent without the consent of the Chairperson of the Board from
three consecutive meetings of the Board, of which the member has been given at least seven days’ notice, and that
there was no just cause for the member’s absence.
Suspension of member
4. (1) The Minister—
(a) may suspend from office a member against whom criminal proceedings are instituted for an offence
involving dishonesty; and
(b) may suspend a member from office if there are reasonable grounds to believe that the member’s office
has become vacant in terms of paragraph 3(1)(c) or (d) but the member has not relinquished office; and
(c) shall suspend from office a member if there are reasonable grounds for suspecting that the member is
disqualified in terms of paragraph 3(2);
pending determination of the question whether the member is to vacate his or her office.
(2) A member who is suspended in terms of subparagraph (1) shall not carry out any duties or be entitled to
any remuneration or allowances as a member during the suspension.
Filling of vacancies on Board
5. Within three months after a member’s death or vacation of office, the Minister shall appoint a person,
subject to section 6 and this Schedule, to fill the vacancy.
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