The ins and outs of Collective Investment Undertakings
Friday, May 05, 2023 | 390 Views |
Sharing advice: White
Mmegi: May you provide a brief overview of Collective Investment Undertakings (CIUs) Act and its purpose?
White: The CIU Act dates back to an old piece of legislation that was promulgated in the early 1990s and subsequently repealed in 2012. However, it took a long time for it to be reconstituted and the new Act commenced last year in February. It was a replacement of the old Act which modernises the legislation.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...