research proposal
GREAT ZIMBABWE UNIVERSITY FACULTY OF COMMERCE RESEARCH PROPOSAL
A STUDY ON THE IMPACT OF THE INDIGENISATION AND ECONOMIC EMPOWERMENT ACT 14:33 ON THE GROWTH OF COMPANIES IN MASVINGO URBAN.
A RESEARCH PROPOSAL
PRESENTED TO THE GREAT ZIMBABWE UNIVERSITY IN PARTIAL FULFILMENT OF THE DEGREE OF BACHELOR OF COMMERCE HONORS ACCOUNTING
BY MAPURISA PRINCE FARAI JANUARY 2013
1.0 INTRODUCTION
The government policies of any nation protects its own local industry and the economy at large against exploitation of resources by foreign companies to enhance their own parent countries.. One of such polices that the government of Zimbabwe implemented for the benefit of indigenous Zimbabweans is the Indigenisation and Economic Empowerment Act 14 of 2007. The government policies can limit or even foreclose entry to industries with such controls as licence requirements, and limits of access to raw materials (Stoner and Freeman, 1992)
According to S1 of the Act, indigenous Zimbabwean means any person who, before the 18th April, 1980, was disadvantaged by unfair discrimination on the grounds of his or her race, and any descendant of such person, and includes any company, association, syndicate or partnership of which indigenous Zimbabweans form the majority of the members or hold the controlling interest.
1.1 BACK GROUND OF THE STUDY
The indigenization and economic empowerment Act (Chapter 14.33) of 2007 was gazette on March 7, 2008 and was signed into law on April 17, 2008. According to the Indigenization and Economic Empowerment Act 14.33, S2(1) indigenisation means “a deliberate involvement of indigenous Zimbabweans in the economic
A STUDY ON THE IMPACT OF THE INDIGENISATION AND ECONOMIC EMPOWERMENT ACT 14:33 ON THE GROWTH OF COMPANIES IN MASVINGO URBAN.
A RESEARCH PROPOSAL
PRESENTED TO THE GREAT ZIMBABWE UNIVERSITY IN PARTIAL FULFILMENT OF THE DEGREE OF BACHELOR OF COMMERCE HONORS ACCOUNTING
BY MAPURISA PRINCE FARAI JANUARY 2013
1.0 INTRODUCTION
The government policies of any nation protects its own local industry and the economy at large against exploitation of resources by foreign companies to enhance their own parent countries.. One of such polices that the government of Zimbabwe implemented for the benefit of indigenous Zimbabweans is the Indigenisation and Economic Empowerment Act 14 of 2007. The government policies can limit or even foreclose entry to industries with such controls as licence requirements, and limits of access to raw materials (Stoner and Freeman, 1992)
According to S1 of the Act, indigenous Zimbabwean means any person who, before the 18th April, 1980, was disadvantaged by unfair discrimination on the grounds of his or her race, and any descendant of such person, and includes any company, association, syndicate or partnership of which indigenous Zimbabweans form the majority of the members or hold the controlling interest.
1.1 BACK GROUND OF THE STUDY
The indigenization and economic empowerment Act (Chapter 14.33) of 2007 was gazette on March 7, 2008 and was signed into law on April 17, 2008. According to the Indigenization and Economic Empowerment Act 14.33, S2(1) indigenisation means “a deliberate involvement of indigenous Zimbabweans in the economic