Anti-Indigenisation Bill Gets Approval
Published: 2016 May 11 04:22:06 (4095 Views)
The counter indigenisation bill, Special Economic Zones Bill exempting SEZs entities from the Indigenisation and Economic Empowerment and Labour Acts has received a nod from the Parliamentary Portfolio Committee on Finance.
The bill was approve amid rejection by some stakeholders sighting that workers will not have legal protection since the law will exempt some companies from conforming to the Labour Act.
The stakeholders felt that this exemption contravened Section 65 of the Constitution of Zimbabwe, which guarantees the rights of workers and that indigenous Zimbabweans should benefit from the establishment of the Special Economic Zones.
Special Economic Zones are modern economic zones which enjoy special privileges, such as tax free incentives, compared to non-SEZ areas in a country.
SEZs have been mooted by Government of Zimbabwe in the face of sluggish economic growth and slow recovery in an attempt to attract investors at the expense of employee rights.
The Committee and the public, therefore, eagerly await the publication of the regulations. The Bill is recommended to the House for approval subject to the following issues being seriously considered by Minister of Finance and Economic Development.
It was suggested that the Zimbabwe Investment Authority could be used with slightly amended responsibilities and the necessary powers to implement and service the new Bill.
The committee also recommended that anyone with a previous criminal conviction should be disqualified from holding office in the board to monitor the implementation process.
- Herald
The bill was approve amid rejection by some stakeholders sighting that workers will not have legal protection since the law will exempt some companies from conforming to the Labour Act.
The stakeholders felt that this exemption contravened Section 65 of the Constitution of Zimbabwe, which guarantees the rights of workers and that indigenous Zimbabweans should benefit from the establishment of the Special Economic Zones.
Special Economic Zones are modern economic zones which enjoy special privileges, such as tax free incentives, compared to non-SEZ areas in a country.
SEZs have been mooted by Government of Zimbabwe in the face of sluggish economic growth and slow recovery in an attempt to attract investors at the expense of employee rights.
The Committee and the public, therefore, eagerly await the publication of the regulations. The Bill is recommended to the House for approval subject to the following issues being seriously considered by Minister of Finance and Economic Development.
It was suggested that the Zimbabwe Investment Authority could be used with slightly amended responsibilities and the necessary powers to implement and service the new Bill.
The committee also recommended that anyone with a previous criminal conviction should be disqualified from holding office in the board to monitor the implementation process.
- Herald
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