21 public entities, most of them institutions in which the state is merely an investor rather than a manager, including the Reserve Bank of Zimbabwe and its subsidiaries, are exempt from the requirements of the Public Procurement and Disposal of Public Assets Act.
The law allows the President, after consultation with the Zimbabwe Procurement Regulatory Authority, to exempt any public body from applying the law, but the reasons must be stated in a notice in the Official Gazette.
In Public Notice No. 146B of 2024 published yesterday, President Mnangagwa said the 21 entities were operating in competitive markets or were managed by a third party under a management contract and should therefore be exempt.
The 21 companies are: AFC Commercial Bank Limited, Orix (Private) Limited, Pendura Nickel Limited, Fidelity Gold Refinery (Private) Limited, Frida Rebecca Gold Mine Limited, Great Dyke Investments (Private) Limited, Home Link (Private) Limited. , upgrading the infrastructure. Bank of Zimbabwe, Jena Mines (Private) Limited, Kuvimba Mining House (Private) Limited, National Venture Company (Private) Limited, NetOne Cellular (Private) Limited, Zimbabwe Printing and Mint Company (Private) Limited, Reserve Bank of Zimbabwe, RESZIM INVESTMENTS (Private) Limited, Sandwana Mines (Private) Limited, Shamfa Mining (Private) Limited, Tilwane Private Limited, POSB, Trojan Nickel Mine Limited, Zimbabwe Alloys Limited.
