Housing Development Agency Act, 2008
R 385
National Empowerment Fund Act, 1998 (Act No. 105 of 1998)22. Implementation directives by Minister |
| (1) | The Minister may with the consent of other Ministers in charge, issue to the trustees implementation directives in regard to— |
| (a) | economic empowerment policies; |
| (b) | the investment entities to be established or promoted and the terms on which the State may provide assistance for their promotion or establishment: |
| (c) | the value and terms on which the shares in State Owned Commercial Enterprises or private business enterprises held by the Trust may be sold to the historically disadvantaged persons referred to in section 21. |
| (2) | The trustees must have due regard to, and be guided by, the policies of the government applicable to the empowerment of the historically disadvantaged persons, in particular, but not limited to the— |
(a) White Paper on the Reconstruction and Development Programme;
(b) Growth Employment and Redistribution Strategy;
(c) National Framework Agreement on the Restructuring of State Assets.
