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Legislative Environment News

Competition Bill’s national security veto of foreign mergers ‘tightly codified’

By: Terence Creamer     17th July 2018 The national security veto included in the Competition Amendment Bill, which was tabled before Parliament on Tuesday, had been “tightly codified” so as not to deter potential investors, but rather offer certainty, Economic Development Minister Ebrahim Patel said during a briefing in Cape Town.... 

BBBEE certification company punished for lack of verification quality control

By: Schalk Burger     13th July 2018 The Broad-Based Black Economic Empowerment (BBBEE) Commission has found that empowerment certification company BEE Matrix South Africa issued certificates between 2015 and 2017 that did not comply with verification procedures. The commission said in a statement on Friday that BEE Matrix SA has... 

Designation status a cabling industry boon

By: Paige Müller     13th July 2018 Providing the cable industry with designation status has helped the industry to grow despite a myriad of local manufacturing barriers, says the Association of Electrical Cable Manufacturers of South Africa (AECMSA). The Department of Trade and Industry’s (DTI’s) revised Preferential Procurement... 

Designation status a cabling industry boon
MANUFACTURING NIGHTMARE The unique local cable manufacturing challenges make cable production in South Africa particularly costly and time-consuming

M&A advisory firm aims to use SA as gateway to African market

By: Nadine James     13th July 2018 Washington DC-headquartered mergers and acquisition advisory firm Taylor Advisory announced last week that it was entering the African market through South Africa with the appointment of Francois Baird as its Africa co-chairperson and Riaan Rademan as its South Africa co-chairperson. This is... 

M&A advisory firm aims to use SA as gateway to African market
FRANCOIS BAIRD Taylor Advisory's ability to deliver the best results, instead of simply brokering a deal, is specifically vital for Africa-based companies

SA Express on route to full re-certification by Civil Aviation Authority

By: Rebecca Campbell     12th July 2018 State-owned regional airline SA Express announced on Thursday that its certification as an aircraft maintenance organisation (AMO) had been reinstated by the South African Civil Aviation Authority (Sacaa) on June 22. “Since then SA Express has undergone a stringent and rigorous process to meet... 

SA Express on route to full re-certification by Civil Aviation Authority
Photo by SA Express
A Bombardier CRJ 700 of SA Express, before the airline was grounded

Eskom wage negotiations continue

By: African News Agency      10th July 2018 Wage negotiations between power utility Eskom and unions resumed on Tuesday in Johannesburg. National Union of Mineworkers (Num) spokesperson Livhuwani Mammburu told television news channel eNCA that unions have given Eskom two options of a one year deal or a three year one. Eskom on Friday... 

 Eskom wage negotiations continue

Agni Steel South Africa’s expansion approved

By: Nadine James     6th July 2018 The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism has authorised the phase 2 and 3 expansion of steel recycling and processing company Agni Steel South Africa. Agni Steel’s plant is located in Zone 6 of the Coega Special Economic Zone. 

South African CEOs’ optimism waning – index

By: Nadine James     6th July 2018 The Merchantec CEO Confidence Index (MCCI), compiled by corporate finance and research and business advisory company Merchantec Capital, recorded a 20.9% decrease in CEOs’ confidence between the first and second quarters of this year –  a downward spike following the increase in optimism between... 

More than R650m budgeted to prepare Gauteng land for expropriation   

By: Anine Kilian     2nd July 2018 The Department of Human Settlements has budgeted more than R650-million to prepare identified portions of land in Gauteng for expropriation without compensation. Human Settlements MEC Dikgang Uhuru Moiloa said on Monday that the province’s rapid land release programme, launched in May, would... 

More than R650m budgeted to prepare Gauteng land for expropriation
Human Settlements MEC Dikgang Uhuru Moiloa talks about land expropriation without compensation

Government vows to go after State capture loot

By: African News Agency      28th June 2018 South African Finance Minister Nhlanhla Nene said on Thursday that government was working with international institutions to trace and recover all the monies that were stolen from the country's coffers through "State capture". "Perhaps at times we underestimate the damage that State capture did.... 

Government vows to go after State capture loot
Photo by Bloomberg
Finance Minister Nhlanhla Nene

New insurance Act to come into effect in July – Treasury

By: African News Agency      27th June 2018 The Insurance Act of 2017 will commence on July 1, National Treasury said on Tuesday. "The Insurance Act establishes a legal framework for the prudential regulation and supervision of insurers and insurance groups in terms of the Twin Peaks framework," Treasury said in a statement. 

 New insurance Act to come into effect in July – Treasury

Gordhan among first to testify at commission of inquiry into Sars

By: African News Agency      26th June 2018 Public Enterprises Minister Pravin Gordhan will be one of the first witnesses when the commission of inquiry into administration and governance at the South African Revenue Service (Sars) begins its public hearings on Tuesday. The commission was set up by President Cyril Ramaphosa in May after he... 

Gordhan among first to testify at commission of inquiry into Sars
Photo by Reuters
Public Enterprises Minister Pravin Gordhan

Import duty causes fallout for stainless steel fastener suppliers

By: Tasneem Bulbulia     22nd June 2018 Stainless steel nuts, bolts and fasteners supplier Fastenright has been forced to increase the selling prices of its stainless steel fasteners, a detrimental consequence of the International Trade Administration Commission of South Africa’s (Itac’s) changing import duties, Fastenright MD Rainer... 

Import duty causes fallout for stainless steel fastener suppliers
IMPORT BUSINESS Fastenright imports its stainless steel fasteners from approved suppliers, mainly the Far East, specifically China and Taiwan; and Europe

New era for healthcare as Motsoaledi abolishes co-payments

By: News24Wire      21st June 2018 The abolishment of co-payments is one of the proposals of the Medical Schemes Amendment bill, announced by Health Minister Aaron Motsoaledi. Motsoaledi was speaking at a briefing on the medical schemes amendment bill and National Health Insurance bill in Pretoria on Thursday. 

 New era for healthcare as Motsoaledi abolishes co-payments
Health Minister Aaron Motsoaledi

NGOs rate South Africa’s transition to a green economy at five out of ten

By: Nadine James     21st June 2018 Nongovernmental organisations (NGOs) on Thursday released the findings of new research, which describes South Africa’s transition to a low-carbon, sustainable and inclusive future as “stuck in first gear”, with ambitious policies but slow implementation. The ‘South Africa Green Economy... 

Mining charter, illegal mining, FDI in the spotlight  

20th June 2018 Mining Weekly editor Martin Creamer unpacks the news around the mining charter, illegal mining and FDI in the junior miners fund. 

Mining charter, illegal mining, FDI in the spotlight
Mining charter, illegal mining, FDI in the spotlight

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh

By: News24Wire      19th June 2018 The South African Institute of Chartered Accountants (Saica) announced on Tuesday it will start disciplinary proceedings against former Eskom CFO Anoj Singh. This follows a period of investigation and the professional body's decision to issue charges of misconduct against the chartered accountant. 

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh
Photo by Creamer Media
Former Eskom CFO Anoj Singh

Gordhan lays out State's case against suspended Sars boss Moyane  

By: News24Wire      15th June 2018 Public Enterprise Minister Pravin Gordhan has laid out the State's case against suspended South African Revenue Service (Sars) commissioner Tom Moyane in a 69-page affidavit. Moyane was suspended from the tax agency on March 19. President Cyril Ramaphosa at the time accused him of overseeing a... 

 Gordhan lays out State's case against suspended Sars boss Moyane
Suspended Sars boss Tom Moyane

Green building requires holistic approach

By: Tasneem Bulbulia     15th June 2018 With the current water shortage in the Western Cape having encouraged efficient water use and proactive ways of saving water, building industry representative the Joint Building Contacts Committee (JBCC) CEO Uwe Putlitz says a similar attitude should be pursued regarding green building in the... 

Green building requires holistic approach
COMPREHENSIVE PLANNING Green building should not be regarded as a separate entity from the rest of a building project but rather as an integral part of the entire project

Proposed amendment to legislation set to eliminate lead in paint

By: Tasneem Bulbulia     15th June 2018 Paint industry representative the South African Paint Manufacturing Association (Sapma) has achieved a “great victory”, with the announcement last month of the government notice of intention to amend the Hazardous Substance Act of 2009, which will eliminate lead in paint, executive director... 

Proposed amendment to legislation set to eliminate lead in paint
TAKING THE LEAD The proposed amendment to the Hazardous Substance Act of 2009 will reduce the amount of lead in paint to 90 parts per million

Good corporate citizenship in a post-State-capture South Africa 

By: Kim Cloete     8th June 2018 A string of corporate governance failures and climate change challenges have cranked up the pressure on companies to become better corporate citizens and take care of the environment they are operating in. The renewed emphasis on governance and sustainability is not limited to the private sector,... 

Good corporate citizenship in a post-State-capture South Africa

Eskom must diversify its energy mix – MacColl  

By: Nadine James     7th June 2018 State-owned power utility Eskom should diversify its energy mix, Electric Power Research Institute senior regional manager Barry MacColl said during a panel discussion on South Africa’s energy policy, and specifically the Integrated Resource Plan (IRP). The panel, held on Thursday at the Mazars... 

Treasury hits back after EFF attack on Momoniat

By: Sashnee Moodley     7th June 2018 National Treasury on Thursday came to the defence of its deputy director-general Ismail Momoniat following what it called “vitriolic utterances” by the Economic Freedom Fighters (EFF). Earlier this week EFF deputy president Floyd Shivambu accused Momoniat of being corrupt, undermining black... 

Treasury hits back after EFF attack on Momoniat
Treasury deputy director-general Ismail Momoniat

KPMG to lay off 400 employees in South Africa after graft scandal

By: Reuters     4th June 2018 Global auditor KPMG said on Monday it will lay off up to 400 people in South Africa, in its latest shake-up following a corruption scandal that saw it lose several major clients. The auditor has taken a number of steps since last September to help restore its reputation, including changes to... 

KPMG to lay off 400 employees in South Africa after graft scandal

SA no longer has agreement with Russians on nuclear, says Radebe

By: News24Wire      4th June 2018 Minister of Energy Jeff Radebe told eNCA on Sunday evening that South Africa no longer had an agreement with the Russians to procure for the development of nuclear energy for the country. Speaking to journalist and political analyst Karima Brown on the news network’s show The Fix, Radebe said he... 

 SA no longer has agreement with Russians on nuclear, says Radebe
Energy Minister Jeff Radebe

SARB communications head resigns

28th May 2018 The South African Reserve Bank (SARB) on Monday announced the resignation of its head of communications Jabulani Sikhakhane. Sikhakhane’s last day at SARB is May 31 and chief of staff Bulelwa Boqwana will act as communications head until the vacancy is filled. 

SARB communications head resigns

Plans in place to redeem utility

18th May 2018 In its presentation to Parliament last month, State-owned power utility Eskom mentioned that it would be dealing with a number of issues within the utility relating to governance, ethics and accountability as well as improving liquidity to ensure financial sustainability. Presented on April 18,... 

Plans in place to redeem utility
Photo by Creamer Media
REVIVING ESKOM The new board Eskom will focus on multiple aspects to bring it to financial sustainability

Government ready to do business with the private property sector – Nxesi

By: Simone Liedtke     15th May 2018 The government is ready to do business with the private property sector to bring certainty to the market, says Public Works Minister Thulas Nxesi. Delivering his Budget Vote in Parliament, on Tuesday, the Minister said market certainty would be based on market-related pricing, improved value and... 

Municipal debt a threat to viability of municipalities – Parliament

By: Simone Liedtke     11th May 2018 South Africa’s rising municipal debt is becoming a major stumbling block to municipal viability, as municipalities are owed more than R138-billion by government departments, businesses and households. Parliamentary delegates attending a three-day Local Government Week programme have proposed a... 

Bigger turnout anticipated at DroneCon

By: Erin Steenhoff-Snethlage     11th May 2018 This year, DroneCon will have more than 40 keynote speakers made up of international and local experts, discussing different topics and issues within the drone industry. DroneCon and Centurion-based company United Drone Holdings CEO Sean Reitz states that the conference, taking place for the... 

Gas conditioning systems remain in high demand

By: Jessica Oosthuizen     11th May 2018 As global pressure to reduce emissions mounts, owing to more stringent legislation, there remains a high demand for spray nozzle and spraying system manufacturer Lechler’s VarioCool Gas Conditioning systems in the cement producing industry, says Lechler representative in Southern Africa... 

Gas conditioning systems remain in high demand
STEVE SMITH Industrial Nozzles and Systems’ scope of supply to the cement industry has more than tripled in the last four to five years

First use of drone for inspection in Namibia

By: Tasneem Bulbulia     11th May 2018 Rope access specialist Skyriders has used a drone to undertake inspection for an undisclosed mining company on its operation in Namibia, marking it the company’s first use of a drone in this regard for an African country outside of South Africa. Skyriders marketing manager Mike Zinn informs... 

First use of drone for inspection in Namibia
DRONE ZONE As part of its turnkey solution, Skyriders used the Elios drone to conduct a general visual inspection for a client in Namibia

Backlog in application process stifling drone industry in South Africa

By: Erin Steenhoff-Snethlage     11th May 2018 The lack of urgency in processing commercial drone operating licences and the registering of drones is stifling the drone industry in South Africa, says Cape Town-based drone pilot training school UAV Industries director Ken Venn, who is also a board member of Commercial Unmanned Aircraft... 

Agriculture industry grows despite challenges 

By: Paige Müller     11th May 2018 Despite policy uncertainty and drought having impacted on the South African agriculture industry, Agricultural Business Chamber (Agbiz) agricultural economist Wandile Sihlobo says the industry outlook is fairly optimistic in the near term. Sihlobo met with Engineering News to discuss the state of... 

Agriculture industry grows despite challenges
Agricultural Business Chamber discusses the state of the agricultural economy in South Africa. Camerawork and editing: Darlene Creamer.

R11.6bn in fines and merger conditions secured since 2010, Patel reports

By: Terence Creamer     10th May 2018 Economic Development Minister Ebrahim Patel reports that R11.6-billion has been mobilised as a result of cartel settlements and conditions placed on firms that have pursued mergers and acquisitions in South Africa since 2010, with commitments worth a further R11-bilion have been secured in... 

R11.6bn in fines and merger conditions secured since 2010, Patel reports
Photo by Creamer Media
Economic Development Minister Ebrahim Patel

Stats SA to roll out digital data collection solution, starts preparation for 2021 census

By: Simone Liedtke     9th May 2018 Statistics South Africa (Stats SA) continues to focus on its mandate of providing credible statistics to guide South Africa’s push for a better life for its citizens. Priorities for Stats SA include maintaining basis statistics which, according to Minister in the Presidency for Planning,... 

South African NPO suing Indian IT multinational for intellectual property theft

By: Marleny Arnoldi     4th May 2018 One of India’s largest multinational companies, information technology firm Wipro, is being taken to court for allegedly appropriating the intellectual property (IP) of a small South African nonprofit organisation.  

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