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Legislative Environment News

Equatorial Guinea praised for improved business environment

15th February 2019 Continental industry association the African Energy Chamber welcomes the improvement of Equatorial Guinea’s business environment through the establishment of an all inclusive model for setting up businesses in the country. “The implementation of Equatorial Guinea’s one-stop shop allows companies... 

The UK signs trade continuity agreement with five African countries as Brexit nears

By: Rebecca Campbell     15th February 2019 At the end of last month the UK signed a trade continuity agreement with countries from Eastern and Southern Africa. The countries concerned are the Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe. These countries had, in 2009, signed an Economic Partnership Agreement (EPA) with the... 

Cryptocurrency trader welcomes SARB policy approach

By: Schalk Burger     15th February 2019 Local cryptocurrency trading platform Luno country manager Marius Reitz praises the South African Reserve Bank’s (SARB’s) approach to developing a regulatory response to cryptoassets in South Africa, which aims to protect cryptocurrency users and support the growth and development of the... 

Cryptocurrency trader welcomes SARB policy approach
MARIUS REITZ The regulations aim to ensure that the platforms are safe for people to use and combat illicit capital flows

Minister withdraws telecoms amendment Bill

By: Simone Liedtke     12th February 2019 Communications Minister Stella Ndabeni-Abrahams has withdrawn the Electronic Communications Amendment Bill, which was tabled before Parliament in October last year. This decision, she explained in a statement on Tuesday, would enable further consultations and to align the Bill with the drive... 

An Africa invisible to Blackstone is winning back investors

By: Bloomberg     12th February 2019 The African investment roller-coaster shows just how hard it has been to make bets on the continent pay off. After two years of declines, the region had inflows of foreign direct investment last year, thanks to a revival of interest in South Africa and a more stable environment in Egypt. 

South African exporters urged to exploit Germany’s new Africa-specific initiatives

By: Nadine James     7th February 2019 South African exporters should take advantage of new German initiatives on Africa, as they are geared towards stimulating business, trade and economic development, South Africa’s Foreign Economic Representative in Germany Jacob Moatshe stated at the Fruit Logistica Berlin trade fair, on... 

South African exporters urged to exploit Germany’s new Africa-specific initiatives
South Africa's Foreign Economic Representative in Germany Jacob Moatshe

SAIIA, Brookings launch Foresight Africa report   

By: Sane Dhlamini     28th January 2019 The South African Institute of International Affairs (SAIIA) and the Brookings Institution’s Africa Growth Initiative (AGI) launched the Foresight Africa report on Monday, in Johannesburg, highlighting the top priorities for the continent in 2019.  AGI senior fellow and director Brahima Coulibaly... 

SAIIA, Brookings launch Foresight Africa report
AGI senior fellow and director Brahima Coulibaly & ISS senior research consultant Liesl Louw-Vaudran on the Foresight Africa report (Camera: Nicholas Boyd. Editing: Christo Greyling)

SAA hopes to resume Blantyre flights by the weekend 

By: Rebecca Campbell     28th January 2019 National flag carrier South African Airways (SAA) hopes to reinstate flights between Johannesburg and Blantyre (Malawi) on this coming Saturday (February 2). The route has been suspended since January 18 due to Blantyre’s Chileka International Airport having being found to have serious safety... 

President signs into law three 2018 tax Bills

By: Tasneem Bulbulia     18th January 2019 President Cyril Ramaphosa has signed into law three 2018 tax Bills that give legislative effect to the tax proposals announced by former Finance Minister Malusi Gigaba in his yearly National Budget Speech on February 21, 2018, the National Treasury announced in a statement on Friday. These are... 

Corruption, weak governance hinders sub-Saharan Africa’s economic growth – IMF

By: Marleny Arnoldi     16th January 2019 Countries in sub-Saharan Africa could strengthen their economic performance by improving governance and reducing corruption, a working paper published by the International Monetary Fund (IMF) has found. The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in... 

Nersa begins public hearings on Eskom tariffs

By: African News Agency      14th January 2019 The National Energy Regulator of South Africa (Nersa) on Monday began public hearings on Eskom's application to increase electricity tariffs annually by 15 percent for the next three years. The hearings on the multi-year price determination (MYPD4) kicked off in Cape Town, with heated objection... 

Nersa begins public hearings on Eskom tariffs

Home Affairs Committee proposes cell phone ban for DoH staff   

By: Sane Dhlamini     14th January 2019 Portfolio Committee on Home Affairs chairperson Hlomani Chauke on Monday called on the Department of Home Affairs (DoH) to consider an outright ban on cell phone usage by front line staff during working hours at all branches. This follows numerous complaints made to the committee from members of... 

Home Affairs Committee proposes cell phone ban for DoH staff

Draft land-expropriation Bill released for comment

By: Bloomberg     21st December 2018 South Africa released for public comment a draft Expropriation Bill that outlines the circumstances under which the state can take land without paying for it. It may be just and equitable for no compensation to be paid where land is expropriated in the public interest, the government said in... 

Draft land-expropriation Bill released for comment

SACAA suspends CemAir’s air operator certificates

By: Tasneem Bulbulia     14th December 2018 CemAir can no longer operate as an airline or air operator or fly any of its 21 aircraft, following a decision by the South African Civil Aviation Authority (SACAA) to suspend two of the airline’s air operator certificates (AOCs). The suspension became effective at around 15:30 on December 13. 

Enforcing local procurement rules would help offset weak demand  

By: Terence Creamer     14th December 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) wants government to take decisive action in 2019 to ensure that departments and State-owned companies (SoCs) honour their obligations to purchase designated steel products from domestic manufacturers. The organisation is also... 

Enforcing local procurement rules would help offset weak demand
Seifsa CEO Kaizer Nyatsumba reflects back on 2018 and offer insight into prospects for the metals and engineering sector n 2019. Camera Work & Editing: Nicholas Boyd

Group Five shares soar as other parties show an interest in buying parts of the business 

By: Simone Liedtke     13th December 2018 JSE-listed Group Five’s share price rose to 48c a share early on Thursday, compared with Wednesday’s close of 24c a share, after the company announced that it had received expressions of interest (EOIs) from a number of parties for various parts of the business. Group Five’s board of directors... 

Group Five shares soar as other parties show an interest in buying parts of the business

Commission recommends tribunal approve Robor’s acquisition of Macsteel MT&P business, with conditions

By: Tasneem Bulbulia     11th December 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Robor’s proposed acquisition of Macsteel’s tubes and pipes business (MT&P), but with conditions. The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening... 

Local sugar industry struggles to stay afloat

By: Paige Müller     7th December 2018 The survival and sustainability of the labour intensive sugar industry is under severe threat owing to the flood of sugar imports and the resultant inability by industry bodies to recover costs, according to South African Sugar Association executive director Trix Trikam. “The local sugar industry... 

Local sugar industry  struggles to stay afloat
UNBALANCED TRADE The world sugar market is distorted by producer country incentives, resulting in production that is surplus to demand

Sugar dumping remains a crisis for industry  

By: Paige Müller     7th December 2018 While national government has shown a willingness to protect the sugar industry against corrosive trade-dumping practices, nonprofit anti-dumping organisation FairPlay founder Francois Baird emphasises that government’s ineffective administrative processes have made its previous attempts at... 

Sugar dumping remains a crisis  for industry
Anti-dumping organisation FairPlay’s Lebogang Chaka discusses the impact of sugar dumping on the local industry. Camerawork and Editing: Nicholas Boyd

Ramaphosa to announce effective date for national minimum wage in Kliptown 

By: African News Agency      6th December 2018 President Cyril Ramaphosa will on Friday proclaim the effective date for the recently approved national minimum wage, his office said. Consensus on the minimum wage was reached by stakeholders under the auspices of the National Economic Development and Labour Council (Nedlac) and has been set at... 

Ramaphosa to announce effective date for national minimum wage in Kliptown
President Cyril Ramaphosa

Mpumalanga remains under strain as water pollution continues

By: Simone Liedtke     4th December 2018 Residents of Mpumalanga remain concerned about sewage spillages and wastewater challenges. The South African Human Rights Commission (SAHRC) has received complaints about alleged sewage spillages and/or the inadequate treatment of wastewater. 

Nema to ensure mines are held accountable, adhere to legal duties – law firm

By: Simone Liedtke     27th November 2018 The gazetting of the overhauled National Environment Management Act (Nema) will ensure more mines are held accountable and meet their obligations in terms of financial provisioning for environmental rehabilitation, says law firm Webber Wentzel environment and natural resources partner Garyn... 

Nema to ensure mines are held accountable, adhere to legal duties – law firm
Webber Wentzel environment and natural resources partner Garyn Rapson

Ramaphosa signs minimum wage bill into law 

By: Reuters     26th November 2018 President Cyril Ramaphosa has signed into law the national minimum wage bill, his office said on Monday, part of efforts by the government to tackle wage inequality in Africa's most industrialised economy. The National Minimum Wage Act sets South Africa's minimum wage at R20 an hour, equal to R3... 

Ramaphosa signs minimum wage bill into law
President Cyril Ramaphosa

Following Mandela’s management style will aid in land reform – Ramaphosa 

By: News24Wire      26th November 2018 President Cyril Ramaphosa invoked the management style of Nelson Mandela on Sunday evening when speaking of how the State would manage land reform, saying the matter needed to be addressed for SA to move forward. Ramaphosa was a guest at the Gauteng Conference of the South African Jewish Board of... 

 Following Mandela’s management style will aid in land reform – Ramaphosa
President Cyril Ramaphosa

Zuma's Nene sacking cost SA 148 000 jobs, 1% of GDP 

By: News24Wire      23rd November 2018 Treasury Director-general Dondo Mogajane has told the judicial commission of inquiry into allegations of State capture that when Nhlanhla Nene was removed in 2015 there was a reduction of about R378-billion in market capitalisation on the JSE.   "Business confidence was at its lowest following... 

Zuma's Nene sacking cost SA 148 000 jobs, 1% of GDP
Former Finance Minister Nhlanhla Nene

Siyabonga Gama loses court bid to interdict dismissal as Transnet CEO 

By: African News Agency      22nd November 2018 Former Transnet chief executive Siyabonga Gama on Thursday lost his Labour Court application to have his dismissal by the board of the state-owned freight and rail company set aside, and was ordered to pay the costs for Transnet, including two of its lawyers.   Labour Court judge Connie Prinsloo... 

Siyabonga Gama loses court bid to interdict dismissal as Transnet CEO
Photo by Creamer Media
Former Transnet CEO Siyabonga Gama

Coal to remain significant part of South Africa’s energy generation mix  

By: Simone Liedtke     21st November 2018 Notwithstanding recent and continued advances in the roll-out of renewable energy and energy efficiency measures, South African National Energy Development Institute (Sanedi) GM for cleaner fossil fuel use Professor Tony Surridge expects coal will continue to form a significant component of South... 

Coal to remain significant part of South Africa’s energy generation mix
South African National Energy Development Institute GM for cleaner fossil fuel use Professor Tony Surridge speaks to Mining Weekly Online about South Africa's status quo surrounding carbon dioxide storage and utilisation. Video & Editing: Nicholas Boyd

Irregular spend of national, provincial government, SOEs up to R51bn and counting

By: African News Agency      21st November 2018 Irregular expenditure for national and provincial government departments, as well as State-owned entities audited by the Auditor-General amounted to R51-billion and counting, it was revealed on Wednesday. Releasing the audit results for the 2017/18 financial year, Auditor-General Kimi Makwetu... 

Irregular spend of national, provincial government, SOEs up to R51bn and counting
Auditor-General Kimi Makwetu

State capture was evident as early as 2014 – Gordhan 

By: African News Agency      19th November 2018 The State capture phenomenon had been around as early as 2014 in South Africa during former president Jacob Zuma's administration, Public Enterprises Minister Pravin Gordhan told the State capture commission of inquiry on Monday. He said individual corrupt activities, through procuring goods and... 

State capture was evident as early as 2014 – Gordhan
Photo by Creamer Media
Public Enterprises Minister Pravin Gordhan

Patel: I declined several invites from the Guptas 

By: News24Wire      19th November 2018 Economic Development Minister Ebrahim Patel has said he declined several invitations from the Gupta family, including one to the now-infamous wedding at Sun City in 2013. In a written reply to a question from Democratic Alliance (DA) MP Michael Bagraim, Patel clarified that neither he nor... 

 Patel: I declined several invites from the Guptas
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

Treasury announces progress on national health insurance bill  

By: African News Agency      16th November 2018 The South African National Treasury on Friday announced it made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the major issues. “We have made substantial progress on key areas and have reached agreement on most... 

Treasury announces progress on national health insurance bill

Treasury report finds Koko meddled to help Tegeta

By: African News Agency      16th November 2018 Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom... 

 Treasury report finds Koko meddled to help Tegeta
Photo by Creamer Media
Former Eskom CEO Matshela Koko

Need for regulatory, payment efficiencies highlighted during SME Indaba

By: Schalk Burger     14th November 2018 The efficiency of securing regulatory compliance and the speed at which small and medium-sized enterprises (SMEs) are paid by private companies and public organisations were on Wednesday cited as some of the biggest concerns for small businesses. Speaking at the Small Business Institute (SBI) SME... 

Land issue is a festering sore – Ramaphosa 

By: News24Wire      14th November 2018 Whenever President Cyril Ramaphosa travels abroad and hosts a media conference, he now inevitably faces questions around land reform without expropriation. His stock answer? That without comprehensive land reform, South Africa's hard-won stability may come undone. While Wednesday was no... 

 Land issue is a festering sore – Ramaphosa
President Cyril Ramaphosa & European Parliament President Antonio Tajani

South Africa's land expropriation unnerves investors – World Bank executive

By: Reuters     14th November 2018 Plans by South Africa's ruling African National Congress (ANC) to change the constitution to allow the expropriation of land without compensation have unnerved investors, a senior World Bank group executive said on Wednesday. President Cyril Ramaphosa's party has made the acceleration of land... 

South Africa's land expropriation unnerves investors – World Bank executive

Don’t change the Constitution for land reform – CDE

By: Sashnee Moodley     13th November 2018 Changing the Constitution to accelerate land reform is unnecessary and threatens property rights for no good reason, says the Centre for Development and Enterprise (CDE) in its latest report ‘Agriculture, Land Reform and Jobs: Can South Africa make this work?’. The CDE said that while it opposed... 

Don’t change the Constitution for land reform – CDE

Court papers show Transnet executives 'colluded fraudulently'

By: News24Wire      13th November 2018 Court papers filed by Transnet to recover R189-million in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior executives of the State-owned firm, in allowing the transaction. Former Transnet CEO Siyabonga Gama, ex-chief financial officer Anoj Singh, Robert... 

 Court papers show Transnet executives 'colluded fraudulently'
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