Cap. 463 Art. 28Administration of support to enterprise.

(1) In the carrying out of its functions in terms of this Act, any regulations or any guidelines, the Corporation shall:

(a) determine upon request in writing the eligibility or otherwise of the enterprise being carried out or intended to be carried out by an undertaking;

(b) receive applications for support of the enterprise and approve or otherwise any form of support; and

(c) issue an Incentive Entitlement Certificate to any beneficiary, as stipulated in article 29, outlining the support granted and its terms and conditions. Such certificate shall be conclusive evidence of such matters for all purposes of law.

(2) The Corporation shall determine applications in terms of this Act and any regulations and guidelines made thereunder and when imposing terms and conditions it shall apply the principles of good practice and accountability.