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Parliament debates motion to make it mandatory for companies to contribute to community ownership schemes
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The Insider
Parliament is currently debating a motion to establish an act that will make it mandatory for companies to contribute to community ownership schemes that will enable communities to chart development of their areas.
The motion was introduced by opposition legislator Clifford Hlatywayo who proposed that companies make a mandatory contribution of at least 5% towards the development and well-being of the communities they work from.
The contribution will be channelled into projects determined by community share scheme committees which will be established in each constituency.
Speaker, while I acknowledge that the Mines and Minerals Amendment Bill is attempting to address this issue to some extent by incorporating Community Share Ownership Schemes for mining companies, it is prudent Mr. Speaker and timely to expand this principle beyond the mining sector,” he said.
b) Community Share Ownership Committees be established in all constituencies responsible for identifying and prioritising development projects such as construction of roads, schools and healthcare facilities.
['mandatory'
'share'
'schemes'
'parliament'
'debates'
'speaker'
'community'
'contribute'
'development'
'ownership'
'companies'
'motion'
'communities']