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

Regulations

Regulations made in terms of section 41 of the Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Schedule A

3. Administration and management of the Special Economic Zones Fund

 

(1) The Special Economic Zones Fund must be administered and managed in accordance with the Public Finance Management Act.

 

(2) The Minister shall establish an Adjudication Committee, chaired by the Director-General, to consider applications for monies from the Fund and make recommendations to the Minister.

 

(3) Any money in the Special Economic Zones Fund not required for immediate use may be invested in accordance with an investment policy approved by the Minister that complies with the requirements of the Public Finance Management Act and may be withdrawn when required.