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{
    "id": 431707,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/431707/?format=api",
    "text_counter": 548,
    "type": "speech",
    "speaker_name": "Hon. Sakaja",
    "speaker_title": "",
    "speaker": {
        "id": 13131,
        "legal_name": "Johnson Arthur Sakaja",
        "slug": "johnson-arthur-sakaja"
    },
    "content": "Hon. Temporary Deputy Chairman, the definition of “youth” meant a company or business that is owned 100 per cent by young people. This also goes for the definition of “women”, “disadvantaged groups” and “people with disabilities.” Hon. Temporary Deputy Chairman, we had consultation, especially with the Association of Women in Business who persuaded us that for most women, you find that they cannot own 100 per cent of the businesses. Sometimes you find that they have given a certain percentage to their children or they give a certain percentage to the spouse who is a sponsor of that particular company. When we spoke to a lot of the young people, in as much as they do not want to be taken advantage of, which is why we have amended it and said the signatory must be a youth, they said that sometimes if a sponsor is helping a young person to start a business, they retain certain shares whether it is five or ten per cent. Some young people are also in the habit, which is natural as they start up in business, of giving their parents a share. So, I was proposing that in the definition of “youth” we say that the youth who own a company be at least 70 per cent of the shareholders and a majority of the directors be the youth. For disadvantaged groups, we have also defined them in 2(b) to say that they are The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}