Home » Business » ZIMBABWE’S PARLIAMENT APPROVES SEZS BILL

The revised Special Economic Zones Bill, which now takes into account the rights of workers, has sailed through Zimbabwe's National Assembly and will now go to the Senate for approval before it IS referred to President Robert Mugabe for consent.

President Mugabe last month refused to sign into law the SEZ Bill after expressing reservations on clauses which sought to suspend provisions of the Labour Act in the special economic zones which could expose workers to abuse.

This resulted in the Bill being referred back to Parliament for reconsideration.

Finance and Economic Development Minister Patrick Chinamasa on Tuesday recommitted the Bill to the National Assembly where it went through various approval stages without any challenges. The Parliamentary Legal Committee produced a non-adverse report on the revised Bill, which now recognizes the Labour Act in terms of the Constitution, paving the way for it to be read for the third time, signalling its approval.

It now goes to be transmitted to the Senate for endorsement.

The SEZ Bill seeks to establish special economic zones in different parts of the country where investors would be allowed to set up shop in a hassle-free environment where ordinary laws, applicable to the rest of the economy, would be set aside.

The move is aimed at attracting the much needed foreign direct investment which will create jobs.

Source: NAM NEWS NETWORK.

Archives