Government has announced members of the sector specific committees of the National Indigenisation and Economic Empowerment Board.
The sector specific committees were set up in the amended statutory regulations of the Indigenisation and Economic Empowerment Act to 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.Youth Development Indigenisation and Empowerment Minister, Cde Saviour Kasukuwere said the sub committees will develop ways of implementing the Indigenisation Act.
â€œWe need investors from day one to be abreast of the thresholds in their sectors.
â€œThe $500 000 could be very high or very low in other sectorsâ€¦we want to ensure we bring about certainty in the market,â€ Cde Kasukuwere said.
The 13 committees have membership of 9 to15 people and they include the Financial Services Sectoral Committee chaired by Mr. Farai Mutamangira, Mines Sectoral Committee chaired by Mr. Tinashe Rwodzi, Agriculture- Agro Industry Sectoral Committee chaired by Mr. Prince Mupazviriho, Energy Sectoral Committee chaired by Mrs. Sakhile Masuku, Transport and Motor Industry chaired by Mr. Tsarai Mungoni, Telecommunications and ICT Sectoral Committee chaired by Mr. Thankful Musukutwa, Trading Sectoral Committee chaired by Dr. Desire Sibanda,Â Engineering and Construction Committee chaired By Engineer Simon Musanhu, Tourism and Hospitality Sectoral Committee chaired by Dr. Ellen Gwaradzimba, Arts Entertainment and Culture Sectoral Committee chaired by Mrs. Sheila Sidambe, Education and Sport chaired by Mr. Dayford Nhema, Services Sectoral Committee chaired by Mr. Spencer Chihota and the Manufacturing Sectoral Committee chaired by Mr. Adam Molai.
The Indigenisation and Economic Empowerment Board under which the sector specific committees falls is chaired by Cde David Chapfika.