(1) Yes. On 26 October 2015, Cabinet approved the establishment of the inter-departmental committee on beneficial ownership. The committee was set up at the inaugural meeting of the committee held on 27 February 2016. It is constituted by the following institutions and government departments convened by the Department of Public Service and Administration:
(a) National Treasury (NT);
(b) Financial Intelligence Centre (FIC);
(c) Department of Public Service and Administration (DPSA);
(d) South African Revenue Service (SARS):
(e) South African Police Service (SAPS):
(f) National Prosecuting Authority (NPA);
(g) Department of Justice and Constitutional Development (Doi & CD);
(h) Department of Trade and Industry (DTI);
(i) Companies and Intellectual Property Commission (CIPC);
(j) Department of Social Development (DSD);
(k) Department of International Relations and Cooperation (DIRCO);
(l) State Security Agency (SSA);
(m) National Intelligence Coordinating Committee (NICOC);
(n) South African Reserve Bank (SARB);
(o) Financial Services Board (FSB);
(p) Johannesburg Stock Exchange (JSE);
(q) Estate Agency Affairs Board (EAAB);
(r) Law Society of South Africa (LSSA);
(s) National Gambling Board (NGB); and
(t) Independent Regulatory Board of Auditors (IRBA)
(2) Yes. Development of the country’s implementation and/or action plan has commenced, the committee is currently finalising the draft action plan. The draft action plan is derived from the G20 High Level Principles endorsed by Cabinet in October 2015, which sets-out the required actions to be undertaken by the Government of the Republic of South Africa.