Chapter 22:20
Sovereign Wealth Fund of Zimbabwe Act
10/2013
PART II
PROCEDURE OF BOARD
8. Meetings and procedure of Board.
9. Members to disclose certain connections and interests.
10. Committees of Board.
11. Standing committees of Board
12. Minutes of proceedings of Board and of committees.
PART III
STAFF OF BOARD
13. Termination of appointment of Chief Executive Officer.
14. Other staff of Board.
15. Engaging of investment managers and consultants.
16. Employees and consultants to disclose certain connections and interests.
PART I
BOARD
Appointment of members
1. (1) For the purpose of appointing the member referred to in section 6(1)(b)(ii) the Minister shall—
(a) invite the Governor of the Reserve Bank to submit the names of at least three persons qualified for
appointment to the Board;
(b) within one month after being invited to do so in terms of subparagraph (a), the Governor of the Reserve
Bank shall submit to the Minister at least three names of qualified persons to represent the Bank on the
Board;
(c) without delay appoint as a member one of the persons named by the Governor of the Reserve Bank in
terms of subparagraph (b).
(2) For the purpose of appointing the members referred to in section 6(1)(b)(i),(iii),(iv)(v) (vi), or filling any
vacancy that arises among them the Minister shall—
(a) call upon an organisation in question to submit a list of persons qualified for appointment to the Board;
(b) within two months after being invited to do so in terms of subparagraph (a), the organisation concerned
shall submit to the Minister a list of qualified persons to represent the organisation on the Board, the
list containing the names of at least twice the number of persons as there are vacancies to be filled
among the members concerned;
(c) without delay appoint the appropriate number of members from the persons named in the list submitted
in terms of subparagraph (b).
Disqualifications for appointment as member
2. (1) A person shall not be qualified to be appointed or hold office as a member if—
(a) he or she is neither a citizen of Zimbabwe nor ordinarily resident in Zimbabwe; or
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