Promoting jobs, protecting people
NATLEX
Database of national labour, social security and related human rights legislation

Zimbabwe (399) > General provisions (87)

Name: Indigenisation and Economic Empowerment (General) Regulations, 2010 (SI 21 of 2010).
Country: Zimbabwe
Subject(s): Economic and social policy
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 2010-01-29
Entry into force:
ISN: ZWE-2010-R-85400
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=85400&p_lang=en
Bibliography: Act on-line Act on-line Kubatana Net, The NGO Network Alliance Project, Zimbabwe PDF PDF (consulted on 2010-11-30)
Abstract/Citation: Made under the Indigenisation and Empowerment Act [Chapter 14:33].

1. Title and date of commencement.
2. Interpretation.
3. Objective of regulations.
4. Every business to notify extent of present or future compliance with indigenisation.
5. Approval and amendment of indigenisation implementation plans and prescription of thresholds and timeframes.
6. Indigenisation of merged or restructured businesses.
7. Indigenisation of unbundled or demerged businesses.
8. Indigenisation where controlling interests in businesses are relinquished.
9. Indigenisation of projected or proposed investments.
10. Persons or parties responsible for submitting forms, making notifications, etc..
11. Proof of compliance with Act.
12. Extent to which procured goods and services are to be subcontracted to indigenous Zimbabweans.
13. Indigenisation and empowerment assessment rating.
14. Employee share ownership schemes or trusts.
15. Identification of potential counterparties to notifiable transactions.
16. Valuation of businesses where truth or accuracy of valuation disputed.
17. Persons acting as fronts to be prosecuted.
Basic text(s):

© Copyright and permissions 1996-2014 International Labour Organization (ILO) | Privacy policy | Disclaimer