The object of the Trust is to facilitate the redressing of economic inequality which resulted from the past unfair discrimination against historically disadvantaged persons by—
| (a) |
providing historically disadvantaged persons with the opportunity of, directly or indirectly, acquiring shares or interest in State Owned Commercial Enterprises that are being restructured or in private business enterprises; |
| (b) |
encouraging and promoting savings, investments and meaningful economic participation by historically disadvantaged persons; |
| (c) |
promoting and supporting business ventures pioneered and run by historically disadvantaged persons; |
| (d) |
promoting the universal understanding of equity ownership among historically disadvantaged persons; |
| (e) |
encouraging the development of a competitive and effective equities market inclusive of all persons in the Republic; |
| (f) |
contributing to the creation of employment opportunities; and |
| (g) |
generally employing such schemes, businesses and enterprises as may be necessary to achieve the objects of this Act. |
Municipal Demarcation Act, 1998
