71
(4) The President shall, at the earliest opportunity, publish in the Gazette every direction
given under this section, unless he is of the opinion that such publication is against the
interests of national security or relations with the government of a country or territory outside
Zimbabwe, or the commercial interests of any person.
(5) A person shall not disclose, or be required by virtue of any enactment or otherwise to
disclose, anything done by virtue of this section if the President has notified him that the
President is of the opinion that disclosure of that thing is against the interests of national
security or relations with the government of a country or territory outside Zimbabwe, or the
commercial interests of some other person.
(6) The President may make ex gratia payments to licensees for the purpose of defraying
or contributing towards any losses they may sustain by reason of compliance with any direction
given in terms of this section.
(7) Any licensee who refuses to comply with a direction given in terms of this section shall be
guilty of an offence and liable to a fine not exceeding level ten or to imprisonment for a period
not exceeding two years or to both such fine and such imprisonment. 34 ]
104
Disclosure of confidential information and use of information acquired by
inspectors, etc., for personal gain
(1) If an inspector or member or employee of the Authority in the course of his duties as
such acquires information relating to the financial affairs of any person, or to any commercial
secret, he shall not for personal gain make use of such information, nor disclose it to any other
person except⎯
(a) for the purpose of legal proceedings under this Act or any other law; and
(b) to the extent that it may be necessary to do so for the purpose of this Act or any other
law, to another inspector or member or employee of the Authority.
(2) No inspector or member or employee of the Authority shall, for personal gain, make use
of any information acquired by him in the course of his duties as such for a period of five years
after the date on which he ceased to be an inspector, member or employee.
(3) Any person who contravenes subsection (1) or (2) shall be guilty of an offence and liable
to the forfeiture of any proceeds accruing to him on account of the contravention and to a fine not
exceeding level ten or to imprisonment for a period not exceeding two years or to both such fine
and such imprisonment.35
PART XIII
TRANSITIONAL PROVISIONS, AMENDMENTS, REPEALS AND SAVINGS
105
Interpretation in Part XIII
In this Part⎯
“appropriate successor company” means the successor company or, where more than one
successor company is formed, the successor company licensed in terms of section one
34
Subsection amended by s. 4 of Act 22/2001.
35
Subsection amended by s. 4 of Act 22/2001.
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