Regional Industrial Development Amendment Act | Act 22 of 1998 — South Africa law | Esheria

Regional Industrial Development Amendment Act

This section begins an amendment to section 1 of the Regional Industrial Development Act, 1993, as already amended.

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 22 of 1998
Version
Undated source snapshot
Language
en
Updated
Official source
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board governance concessions corporate governance definitions government incentives incentives industrial development manufacturing manufacturing development manufacturing development programme manufacturing development programmes regional requirements statutory amendment statutory drafting territorial scope

Statute overview

About this statute

This section begins an amendment to section 1 of the Regional Industrial Development Act, 1993, as already amended. This section changes the Act’s definitions of “Board,” “concession,” and “incentive.” This section amends the principal Act to establish the Manufacturing Development Board and change its membership and nomination rules. This provision states that section 4 of the principal Act is substituted with new text headed “Objects of Board”. The Board’s object is to promote manufacturing growth using incentives or concessions, while following regional requirements and the Republic’s economic policy.

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