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Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Chapter 1 : Definitions, Objects and Application

1. Definitions

 

(1)        In this Act, unless the context indicates otherwise—

 

"Advisory Board"

means the Special Economic Zones Advisory Board established by section 7;

 

"company"

means a company as defined in section 1 of the Companies Act, 2008 (Act No. 71 of 2008);

 

"Department"

means the Department of Trade and Industry;

 

"Director-General"

means the Director-General of the Department or his or her authorised representative;

 

"industrial development zone"

means a purpose built industrial estate that leverages domestic and foreign fixed direct investment in value-added and export-oriented manufacturing industries and services;

 

"licensee"

means the holder of a Special Economic Zone licence issued in terms of section 23(6);

 

"Minister"

means the Minister responsible for trade and industry;

 

"municipal entity"

means a municipal entity as defined in section 1 of the Municipal Systems Act;

 

"Municipal Finance Management Act"

means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

 

"Municipal Systems Act"

means the Local Government: Municipal Systems Act, 2000 (Act No. 32 of 2000);

 

"operator"

means the holder of a Special Economic Zone operator permit issued in terms of section 32(4);

 

"operator permit"

means an operator permit issued in terms of section 32(4);

 

"prescribed"

means prescribed by regulation made in terms of section 41;

 

"public entity"

means a public entity as defined in section 1 of the Public Finance Management Act and listed in Schedules 2 and 3 to that Act;

 

"Public Finance Management Act"

means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

 

"public-private partnership"

means a public-private partnership contemplated in regulation 16 of the Treasury Regulations issued in terms of the Public Finance Management Act or section 120 of the Municipal Finance Management Act and any regulations issued in terms of the last-mentioned Act;

 

"Special Economic Zone"

means an area designated as the Special Economic Zone in terms of section 23(6);

 

"Special Economic Zone Board"

means the board of directors of an individual Special Economic Zone entity appointed in terms of section 25(5);

 

"this Act"

includes any regulation made in terms of section 41;

 

"value adding" or "value added"

includes the enhancement of, packaging or re-packaging of and beneficiation added to a product before the product is offered to the end-user.

 

 


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