News / National
Zanu-PF 'revives' indigenization policy, crack-down on errant companies looms
15 Dec 2014 at 09:25hrs | Views
ZANU-PF which is fresh from a volatile Congress is mulling a crackdown on companies that have failed to comply with the country's Indigenization Policies by failing acquire compliance certificates, ostensibly to boost the bleeding economy.
During its congress, Zanu PF resolved to "direct the party and the government to immediately reinvigorate the implementation of the Indigenization and Economic Employment Act by enforcing compliance of its provisions".
Through the National Indigenization and Economic Empowerment Board (NIEEB) Zanu PF controlled government has issued a statement to local authorities warning them not to issue or renew operating licences for businesses in the reserved sectors of the economy which do not have valid indigenization compliance certificates.
In a letter to Bulawayo City Council, NIEEB said the local authority had been identified as one of the major licensing authorities in Zimbabwe.
"Statutory Instrument (SI) 66 of 2013 provides that every business operating in the reserved sectors of the economy shall apply for an indigenization compliance certificate and that, with effect from January 1 2014 no business shall, in terms of the law, be allowed to operate without the said certificate," reads the letter.
"The statutory instrument in Section 9a (4) further empowers the minister responsible for indigenization and economic empowerment to direct any licensing authority to revoke, suspend or cancel the operating licence of a business operating in the reserved sectors of the economy without complying with these regulations.
"Your organisation has been identified as one of the major licensing authorities in Zimbabwe and as such, in line with the above cited regulations, you are advised not to issue out or renew operating licences for businesses in the reserved sectors of the economy which do not have valid indigenization compliance certificates."
Some of the reserved sectors include agriculture, bakeries, retail and wholesale trade, transport and barber shop, hairdressing and beauty salons, among others. NIEEB said "maximum co-operation is anticipated".
But Council has since resolved to engage the board for clarity on grey areas and then proceed to inform the public through a newspaper advert in the near future.
During its congress, Zanu PF resolved to "direct the party and the government to immediately reinvigorate the implementation of the Indigenization and Economic Employment Act by enforcing compliance of its provisions".
Through the National Indigenization and Economic Empowerment Board (NIEEB) Zanu PF controlled government has issued a statement to local authorities warning them not to issue or renew operating licences for businesses in the reserved sectors of the economy which do not have valid indigenization compliance certificates.
In a letter to Bulawayo City Council, NIEEB said the local authority had been identified as one of the major licensing authorities in Zimbabwe.
"Statutory Instrument (SI) 66 of 2013 provides that every business operating in the reserved sectors of the economy shall apply for an indigenization compliance certificate and that, with effect from January 1 2014 no business shall, in terms of the law, be allowed to operate without the said certificate," reads the letter.
"The statutory instrument in Section 9a (4) further empowers the minister responsible for indigenization and economic empowerment to direct any licensing authority to revoke, suspend or cancel the operating licence of a business operating in the reserved sectors of the economy without complying with these regulations.
"Your organisation has been identified as one of the major licensing authorities in Zimbabwe and as such, in line with the above cited regulations, you are advised not to issue out or renew operating licences for businesses in the reserved sectors of the economy which do not have valid indigenization compliance certificates."
Some of the reserved sectors include agriculture, bakeries, retail and wholesale trade, transport and barber shop, hairdressing and beauty salons, among others. NIEEB said "maximum co-operation is anticipated".
But Council has since resolved to engage the board for clarity on grey areas and then proceed to inform the public through a newspaper advert in the near future.
Source - Southern Eye
