Policy Dialogue: Prospects and Sustainability of Community Share Ownership Trusts in Zimbabwe.

CSOT

Venue

Rainbow Towers Hotel, Harare

 

In 2007 the Government of Zimbabwe promulgated the IEE Act with the intention of empowering indigenous Zimbabweans and thus the law gave a provision for the setting up of Community Share Ownership Trusts (CSOTs).The community share ownership trusts were established in communities in which mining sectors undertook their operations. However in 2018 through the Finance Act of 2018 the government of Zimbabwe repealed sections of the Indigenisation and Economic Empowerment Act and restricted the provisions and requirements of the Indigenisation Act to the Platinum and Diamond mining sectors. Since the Indigenisation and Economic Empowerment Act shaped the choices of both trusts and mining houses with regards to governance structures, financing approaches, stakeholder participation and programme objectives its revision has significant implications on the long-term sustainability and establishment of new community share ownership trust in the non-indigenized sectors.

Kindly note attendance is by invitation. Contact Mr. G. Chiwunze on +263 242 778423 or email gmsauki@zeparu.co.zw/ gchiwunze@gmail.com if you wish to attend. 

Research Support for National Economic Development