This Bill therefore amends Act 44 of 1993, which is the Principal Act and also strengthens the economic regulatory framework, and explains the roles and functions of regulating committees and appeal procedure. Of prime importance to us are the laws that deal with job creation, ending of poverty, good governance and consequence management. It is also important to align the Principal Act with the Companies Act 71 of 2008. ACSA like other government entities has the responsibility to open new opportunities to our youth and women Small and Medium Enterprises, SMEs. ACSA must be managed by people qualified in aviation, finance, law, economics, engineering and other technical skills. Even regulatory committees must show these scarce skills. We support. Thank you very much.