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Standard Development Fund

The Ministry has a Fund Called Standard Development Fund which was established through an Act of Parliament Chapter 14:19 of 1987. The Act provides for the imposition of a levy on such class or description of employers as may be specified in the notice and levy is paid on quarterly basis. The object for which the Fund was established is for the development and promotion of standardization and quality control of commodities and services in Zimbabwe. The Funds collected are disbursed as grants to organisations, which in the opinion of the Minister are involved in the development of standards and quality of goods and services. The application of Fund may be applied as per section 9 (b), the acquisition of land, equipment, material and other assets and construction of Building in order to promote the objects of the Funds. The current beneficiaries are Standards Association of Zimbabwe (SAZ), Trade Measures and Scientific and Industrial