Trade, Industry and Competition
Sugar Industry: resolution; Debt Relief Bill process; Copyright Amendment Bill
22 Nov 2017
The Committee adopted a resolution that the South African Sugar Association (SASA) and the South African Cane Growers Association (SACGA) should comply with the Department of Trade and Industry instructions as dated in letters dated 20 April and 20 October 2017. The Committee expected a report-back from DTI on its ...
Finance Standing Committee
Amended Financial Services Sector: DTI briefing; Transformation of the Financial Sector Transformation Committee Report & Proposed Fiscal Policy Framework: finalisation
15 Nov 2017
The Standing Committee on Finance and Portfolio Committee on Trade and Industry together with the Department of Trade and Industry met for further discussions on the Transformation of the Financial Sector Report. This was report one of two, the second report would be discussed in 2018.
The Department of Trade ...
Trade, Industry and Competition
Trade update
15 Nov 2017
The Department of Trade and Industry (DTI) updated the Committee on South Africa’s trade agreements. The presentation spoke to the international context, regional integration and review of the SA Customs Union (SACU) agreement. The Committee was updated on SA’s position in the European Union bloc particularly in reference to the ...
Trade, Industry and Competition
National Credit Amendment Bill (Debt Relief Committee Bill): preparation for public comment
14 Nov 2017
Documents handed out: National Credit Amendment Bill (to Members only)
A Parliamentary legal adviser took the Committee through the minor terminological changes to a draft of the National Credit Amendment Bill. The proposed Bill provided debt interventions for South Africans who might not qualify to undergo debt review or sequestration ...
Trade, Industry and Competition
Sugar Industry Regulations proposed amendments: DTI & stakeholders; Debt Relief Committee Bill: adoption for comment
10 Nov 2017
The Committee considered the Committee Bill dealing with Debt Relief and moved to adopt it and have it prepared for public comment. The DA abstained from having the Bill published.
The Committee received briefings from the South African Sugar Association (SASA), South African Cane Growers Association (SACGA), the South African ...
Trade, Industry and Competition
Debt Relief Committee Bill: deliberations
8 Nov 2017
Debt Relief Committee Draft Bill not handed out to the public
The Committee met to deliberate on the flagged items in the Debt Relief Bill which had been raised in the previous meeting.
The Parliamentary Legal Advisor advised the Committee she had consulted the Department of Justice about realisable assets. ...
Trade, Industry and Competition
Debt Relief Bill: deliberations on Subcommittee recommendations
7 Nov 2017
Debt Relief Committee Draft Bill not handed out to the public
The Sub-Committee on Debt Relief reported back to the Portfolio Committee on its 1 November meeting to address flagged concerns in the Debt Relief Committee Bill. The National Credit Regulator, National Consumer Tribunal and the Department of Trade and ...
Trade, Industry and Competition
Debt Relief Committee Bill: response to stakeholders; Localisation Inquiry terms of reference; SAFDA; Copyright Amendment Bill technical panel
24 Oct 2017
Draft documents not handed out to the public
The Committee considered feedback on concerns raised by stakeholders which included expenses incurred through credit obligation cannot be deductible for tax purposes; SARS and municipal debts should be excluded from debt relief because they are not credit agreements; and during the debt ...
Finance Standing Committee
Capitalise SAA using s16 of PFMA: legal opinion; Committee Resolutions on GEPF, PIC & trade unions; Financial Sector Transformation Hearings Report
18 Oct 2017
The Parliamentary Legal Unit advised the Committee on the legality of using section 16 of the Public Finance Management Act (PFMA) to capitalise SAA. Section 16 was intended for use where good financial planning and management could not avert the need for unusual expenditure. According to his interpretation, it appears ...
Trade, Industry and Competition
Copyright Amendment Bill technical amendments; Trade and Industry BRRR
18 Oct 2017
Documents handed out:
Copyright Amendment Bill (A list)
A key item in the Budget Review and Recommendations Report was localisation and the Committee recommended that localisation should become an audit outcome in the Annual Reports to Parliament. The investments in infrastructure projects were welcomed but the Committee wanted to ensure ...