david chapfika2  08-09-10.jpgThe National Indigenisation and Economic Empowerment Board has expressed satisfaction with the progress made so far by Sector Specific Committees (SSCs)towards coming up with a consolidated report .

Government appointed 13 SSCs for different sectors of the economy in a bid to widen coverage on how the Indigenisation and Economic Empowerment Act can be implemented in every sector.

National Indigenisation and Economic Empowerment Board Chairman, Cde David Chapfika said the committees met the 13 September deadline for submitting proposals and currently a final document is being compiled and will be presented to the indigenisation board.

“As the board we are happy with the progress made so far and the sector specific committees are finalizing their final reports which encompass the findings of sub-committees to ensure that the report is consolidated for the benefit of the policy.

 

 We are going to meet the deadline,” said Cde. Chapfika .

 The Sector Specific Committees which are headed by permanent secretaries include financial services, mining, agriculture, engineering and construction among others. 

 

 The Indigenisation and Economic Empowerment Act  empowers indigenous Zimbabweans to own controlling stakes in companies with a capitalization of US$500 thousand or more.