Bills Minimize

BUSA sees good case for cut in interest rates
Commenting on the latest money supply and credit extension figures, BUSA says there now appears to be a good case for a further modest cut in interest rates when the MPC meets next week. The press statement by BUSA further elaborates on other factors weighing in favour of an interest rate cut.  Read more
  
Parliamentary Newswatch
7 Sept 2010

BUSA’s 7 September 2010 Parliamentary Newswatch deals with legislative updates on two important Bills/Acts that will directly influence the agribusiness environment, as well as deals with Trade Policy and Strategy, Water Affairs and the Labour Report. Furthermore, Ministers answers to parliamentary questions on Green Jobs, Cipro’s de-registering of companies and the cost of the recent public sector strike are  included.  Click to download


1 Sept 2010
 
Commenting on the latest money supply and credit extension figures, BUSA says there now appears to be a good case for a further modest cut in interest rates when the MPC meets next week. The press statement by BUSA further elaborates on other factors weighing in favour of an interest rate cut.  Click to download

26 Aug 2010
Busa reported on the following new bills recently tabled in Parliament: Defence amendment bill, Geoscience amendment bill, Deeds registries amendment bill, Sectional titles amendment bill,
Independent police investigative directorate bill, Civilian secretariat of police bill, Citizenship amendment bill, Births and deaths registration amendment bill.  Click here to download bills recently tabled in Parliament
  
Implications on Directors and Senior Management
The Competition Amendment Bill has been assented by the President, despite concerns related to the constitutionality of this legislation. This new Act will soon hold major implications for  Directors and Senior Management within companies – please read Werksmans bulletin in this regard very carefully. Download the bulletin by Werksmans by clicking here.
  
BUSA meet with Ministers

BUSA members, including the Agricultural Business Chamber (ABC), met with Minister Geoff Doidge, Minister of Public Works, on the 15th of July 2010. Please click here to download document on issues of the new Expropriation Bill.

  
ABC REPORT ON COOPERATIVES BILL AMENDMENT WORKSHOP
At a workshop held on 27 and 28 August 2009 The dti reconvened a workshop to amend the Cooperatives Act 14 of 2005. A number of ABC members also participated in the Workshop process in order to argue for an enabling environment in which businesses in the cooperative form could grow and flourish.  Click to download the report.
  
NEDLAC Cooperative Strategy

The final NEDLAC Report on the Cooperative Strategy 2009 has been published. This must not be confused with the Cooperative Amendment Bill that is also in the finalization process.

Please click here to download the NEDLAC Report on the Cooperative Strategy 2009

  
Parliamentary Report on Appropriations Bill
"Throughout South Africa nearly a million people have lost their jobs.
 
Hundreds of thousands of families have been affected by retrenchments.
 
Businesses and households are struggling to adjust to declining incomes and precarious levels of debt. South Africa is beginning to emerge from its first recession in 17 years, though the levels of recovery are likely to be very slow and uneven, with job creation lagging the return to growth and many households continuing to face hardships. However, healthy public finances and partnership with other sectors in the World have enabled the government to reduce the impact of the crisis". 
 

Money has been appropriated for 2010/11 budget and the responsibility now lies with the various government departments and agencies to spend it effectively, efficiently and economically. The President of the Republic of South Africa, Mr Jacob Zuma, in his State of the Nation Address, outlined clear priority areas where government needs to focus on for the next five years . However, the greatest challenge is to make sure that these priorities are aligned with the budget.

This report focuses on, amongst other things, whether the appropriation for 2010/11 does take these priority areas into consideration.  Click here to download the Parliamentary Report on Appropriations Bill.

  
Land reform, Land use, Expropriation Bill, etc.

Expropriation Bill
BUSA submitted a report on the Expropriation Bill. The submission by BUSA on the Expropriation Bill can be downloaded here

  
Companies Bill

 
ABC Members can download the following documents as reference and send comments on the Bill to the ABC until 11 July 2008. Click on links below to download files.
* Presentation by dti to the Port Folio Committee
* Full Companies Bill

 

 

  
Summary of Tax Amendment Bills

The Minister of Finance introduced the final Taxation Laws Amendment Bills (No’s B-10 and B-11) before Parliament on 1 September 2009. We present herewith a summary of the main amendments proposed in these Amendment Bills.

Please click here to download the Tax Alert by PWC on the 2009 Taxation Laws Amendment Bills

 

  
Competition Amendment Bill

 

The Competition Amendment Bill (“the Bill”) introduces significant reforms to the Competition Act including criminalisation provisions and provisions relating to regulation of so called “complex monopolies”. The Bill has been passed by Parliament and is currently with the President for signature. Constitutional concerns are however delaying signature of the Bill by the President.

Download the document by Werksmans, on the Competition Amendment Bill, here.