david chapfika.pngThe National Indigenisation and Economic Empowerment Fund Board says it has intensified engagement with several government departments with the aim of ensuring that there are no cases of issuance of licenses and permits in sectors reserved for indigenous people.

 

The National Indigenization and Economic Empowerment Board’s engagement with the relevant government departments follow concerns raised over the issuance of licenses in sectors reserved for indigenous people, such as retail.

 

Board Chairman, Cde. David Chapfika said they are committed to ensuring that indigenous people are not prejudiced in the issuance of licenses in sectors reserved for locals.

 

“We are in consultations with the Ministry of Industry and Commerce as well as the Ministry of Agriculture, Mechanisation and Irrigation Development among others to ensure there are no cases of discrimination in the approval of investment applications and issuance of licenses in those sectors reserved for the indigenous people,” said Cde Chapfika. 

 

Meanwhile, the National Indigenization and Economic Empowerment Board says the inaugural meeting for the recently formed sector-specific committees is set for Tuesday in the capital, with the committees recommendations in the implementation of the indigenisation act expected before the end of September this year.

 

The sector-specific committees were set up in the amended statutory regulations of the Indigenization and Economic Empowerment Act.

 

The regulations give advice to government minimum net asset values which businesses are required to comply with, time frames for complying with regulations and strategies to overcome barriers and challenges to indigenisation in the various sub sectors.