Fighting corruption is a major part of the focus of the Administration, and as shown by research results previously released, corruption can have a damaging effect on economic growth and job creation. Lifestyle audits can play an important part in identifying corruption and following the President’s pronouncement on the matter, consideration is being given to lifestyle audits in circumstances where on a risk-analysis basis, ...

The International Trade Administration Commission of South Africa (ITAC) and the Economic Development Department has on an on-going basis considered the impact of the price preference system (PPS) for scrap metals, which looked inter alia at declared levels of exports, feedback from individual companies affected by the PPS and consideration of the efficacy of the rules that are in place.

The International Trade Administration ...

The International Trade Administration Commission of South Africa (ITAC) and the Economic Development Department has on an on-going basis considered the impact of the price preference system (PPS) for scrap metals, which looked inter alia at declared levels of exports, feedback from individual companies affected by the PPS and consideration of the efficacy of the rules that are in place. One input into the ...

I have been furnished by the named entities with the information furnished below.

a) ITAC has a total number of four (4) consulting firms or companies currently contracted to provide services within the organisation. Refer to the table below:

1. (a) What number of (i) case backlogs does the Competition Commission have and (ii) days has each case been backlogged for, (b) what was the average time line, in days, from receiving a complaint to resolving a case in (i) 2015, (ii) 2016 and (iii) 2017 and (c) how does the commission monitor the (i) settlement agreements reached and (ii) progress on each ...

I am not aware of any work undertaken by the Industrial Development Corporation in partnership with the Public Investment Corporation to assess the economic cost of public sector corruption. The question may be referring to work undertaken for the PICC (Presidential Infrastructure Coordinating Commission) by the IDC, on the potential economic cost of corruption, details of which were provided to the Honourable Member last ...

The Economic Development Department, ITAC, Competition Commission and Competition Tribunal do not own land and currently rents office space. Attached as Annexure ‘A’ is information on land which IDC owns. The properties are part of the IDC’s overall portfolio.

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(a) The NEF has not yet been incorporated as a subsidiary of the IDC. Technical work has been completed and includes an assessment of the regulatory and governance requirements to ensure that all applicable regulatory framework, including the PFMA, are complied with. Following completion of a review of legislative implications, the modalities of incorporation will then be considered by Cabinet.

(b) The R500 million has ...

The funding relationship between the IDC and China Construction Bank (CCB) is in the form of both co-funding and access to lines of credit. This is included in the cooperation agreement between the two institutions. In the financial year ending 31 March 2016, the IDC raised USD50 million and USD75million in the year ending 31 March 2017, through lines of credit from the China ...

1. South Africa does not generally incentivise the importation of goods into the economy, as policy is directed at building local industrial capacity. In terms of tariff support, the Automotive Production and Development Programme (APDP) provides an incentive for promoting local manufacturing of motor vehicles and not imports. The duty credits earned by the industry on production under the APDP can be used, among ...