News / National
CAAZ board dissolved
25 Jan 2019 at 03:24hrs | Views
Transport and Infrastructural Development Minister Joel Biggie Matiza has, with immediate effect, dissolved the Civil Aviation Authority of Zimbabwe board led by Advocate Thembinkosi Magwaliba.
Minister Matiza told The Herald that the CAAZ board was no longer able to execute its mandate after some of its members relocated to other countries, while others were civil servants who should not be in such boards in line with the Civil Aviation Amendment Act No. 10 of 2018.
He said CAAZ was going to be unbundled to pave way for the establishment of the Airports Management Company of Zimbabwe which would be a separate entity from the regulatory authority.
"As you may be aware, the Civil Aviation Amendment Act Number 10 of 2018 came into effect through General Notice Number 470 of 2018 published in the Government Gazette of 20 July, 2018," he said.
"In terms of Section 6 of the Amendment Act, Section 11 of the principal Act was amended to the extent that any person who holds a public office is disqualified from sitting on the board of the CAAZ.
"As things stand, on the current CAAZ board there are two members who hold public offices and the new law requires that they be relieved of those duties. Furthermore, I was informed by the chairman of the board that one board member has since relocated to Zambia.
"To that extent, the board can no longer execute its functions as required and expected by law and good corporate governance. I, therefore, hereby dissolve the CAAZ board with immediate effect. The CAAZ Amendment Act further provides for the establishment of an Airports Management Company of Zimbabwe incorporated in terms of the Companies Act (Chapter 24:03)."
Minister Matiza told The Herald that the CAAZ board was no longer able to execute its mandate after some of its members relocated to other countries, while others were civil servants who should not be in such boards in line with the Civil Aviation Amendment Act No. 10 of 2018.
He said CAAZ was going to be unbundled to pave way for the establishment of the Airports Management Company of Zimbabwe which would be a separate entity from the regulatory authority.
"In terms of Section 6 of the Amendment Act, Section 11 of the principal Act was amended to the extent that any person who holds a public office is disqualified from sitting on the board of the CAAZ.
"As things stand, on the current CAAZ board there are two members who hold public offices and the new law requires that they be relieved of those duties. Furthermore, I was informed by the chairman of the board that one board member has since relocated to Zambia.
"To that extent, the board can no longer execute its functions as required and expected by law and good corporate governance. I, therefore, hereby dissolve the CAAZ board with immediate effect. The CAAZ Amendment Act further provides for the establishment of an Airports Management Company of Zimbabwe incorporated in terms of the Companies Act (Chapter 24:03)."
Source - chronicle
