Trade, Industry and Competition
'Debt Intervention' National Credit Amendment Bill: Subcommittee on flagged clauses
14 Mar 2018
The Subcommittee deliberated on items where consensus had not been reached. They agreed on the following issues, comments and questions:
• Debt intervention would be available to everyone living in South Africa because the Bill of Rights protects human beings living in South Africa, not only the citizens
• Joint ...
Trade, Industry and Competition
Copyright & National Credit Amendment Bills: Subcommittee reports; Committee Report on Sugar Industry oversight
13 Mar 2018
Committee Reports available once adopted
The Portfolio Committee approved the additional nominees for the Copyright Amendment Bill technical panel and changes to its terms of reference and draft programme. The nominees are:
• Adv Joel Baloyi – nominated
• Ms Michele Woods – nominated
• Adv Ntsietso Mokitimi-Makhafola – nominated ...
Trade, Industry and Competition
'Debt Intervention' National Credit Amendment Bill: deliberations
13 Mar 2018
The sub-committee on Trade and Industry invited the National Treasury and Eighty20 to deliberate on the ‘Debt Relief’ National Credit Amendment (NCA) Bill.
Treasury indicated that in total, borrowers who could qualify for debt review held over 16 million loans, of which 4.7 million (29%) were three months or more ...
Trade, Industry and Competition
Listeriosis & Ford Kuga: National Consumer Commission & NCRS progress report
9 Mar 2018
The Portfolio Committee on Trade and Industry met with the National Regulator for Compulsory Specifications (NRCS) and the National Consumer Commission (NCC). The NRCS presented a status report on Letters of Approval and the roll-out of risk-based management (RBM) system. It also gave an update on the Listeria outbreak and ...
Trade, Industry and Competition
'Debt Intervention' National Credit Amendment Bill: Treasury on constitutionality & response to submissions
7 Mar 2018
The legal opinion sought by National Treasury on the constitutionality of the ‘Debt Relief’ National Credit Amendment Bill and its response to public submissions were presented. Senior counsel had advised the Committee to at the very least seriously consider the viability of existing debt relief mechanisms – ‘if needs be ...
Trade, Industry and Competition
Minister on SONA/Budget implications for DTI; WTO meeting; 'Debt Relief' National Credit Amendment Bill: DTI response to submissions
6 Mar 2018
The Minister of Trade and Industry, Dr Rob Davies spoke about the State of the Nation Address as it relates to the DTI mandate. He was also asked by the Committee to comment on the outcomes of the World Trade Organisation Ministerial Meeting; SABS and the Eskom Inquiry, the African ...
Trade, Industry and Competition
Localisation & Local Procurement Inquiry: bus procurement day 2
28 Feb 2018
The inquiry into the compliance with localisation and local public procurement policy for bus procurement continued for a second day - with presentations by bus building companies. The Chairperson explained that the inquiry was all about asking everyone to be patriotic and to work together. It was not about who ...
Trade, Industry and Competition
Localisation & Local Procurement Inquiry: day 1
27 Feb 2018
Prior to the commencement of the inquiry into compliance with localisation and local public procurement policy for bus procurement, the Chairperson said that the Eskom inquiry had led to the discovery that a number of protocols had been ignored when the South African Bureau of Standards (SABS) had tested coal ...
Trade, Industry and Competition
'Debt Intervention' National Credit Amendment Draft Bill: Nedlac submission
20 Feb 2018
Business Unity South Africa (BUSA) was present to represent the Business constituency in NEDLAC and COSATU represented the Labour constituency. Business was disappointed at the decision of the Committee to bypass the NEDLAC process for the Draft Bill. Business maintained that there was a need for a Socio-Economic Impact Assessment ...
Trade, Industry and Competition
Debt Relief Committee Bill: Department response to submissions
14 Feb 2018
The Department of Trade and Industry in its response to the public submissions noted the concerns raised by stakeholders and various government departments about the constitutionality of certain provisions dealing with debt forgiveness which could amount to expropriation. The Department of Justice and Constitutional Development had not raised this concern ...