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
Companies and Intellectual Property Commission (CIPC) Quarter 2 performance
1 Nov 2017
The Companies and Intellectual Property Commission (CIPC) briefed the Committee on its Second Quarter financial and non-financial performance reports. For the first time in its history, and that of its predecessor CIPRO, CIPC had achieved a clean audit. CIPC had met 70% of its targets. The IKS target had been ...
Trade, Industry and Competition
Debt Relief Bill: Sub-Committee decisions on matters of concern in the Bill
1 Nov 2017
The Debt Relief Bill Sub-Committee met to address flagged concerns in the Debt Relief Committee Bill. The National Credit Regulator, the National Consumer Tribunal and the Department of Trade and Industry attended to give the Sub-Committee guidance and input in their areas of expertise. All decisions made by the Sub-Committee ...
Trade, Industry and Competition
DTI, National Consumer Commission & NRCS Quarter 2 Performance
31 Oct 2017
The Department of Trade and Industry and two if its entities: the National Regulator for Compulsory Specifications and the National Consumer Commission briefed the Committee on their Quarter 2 Performance Reports for 2017/18.
The DTI achieved 83% of its target as per Annual Performance Plan. The achievements include the implementation ...
Trade, Industry and Competition
Debt Relief Committee Bill: consideration
25 Oct 2017
The Committee received a short briefing from the Parliamentary Legal Advisor on some considerations on debt relief. The policy issues raised by the National Treasury would slow down the process of the Bill, such as the transfer of the powers of the NCR, allowing the NCR to declare reckless credit ...
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 ...
Trade, Industry and Competition
Debt Relief Bill: UIF, Department of Justice, SARS responses; Trade and Industry BRRR
17 Oct 2017
The focus of meeting was on government bodies that could have a part to play in the Debt Relief Bill and ensure its success. Presentations were made by the Unemployment Insurance Fund, Department of Justice and Constitutional Development, South African Reserve Bank and the South African Revenue Service.
The Unemployment ...