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Legislative Environment

SABS logo with the word
SABS denies allegations of corruption, mismanagement
13th December 2024 By: Darren Parker

The South African Bureau of Standards (SABS) has denied a series of allegations of longstanding and ongoing corruption and mismanagement. In an open letter sent to Trade, Industry and Competition... 


Cranes at a Transnet operated port
Court blocks ICTSI bid to appeal South Africa port-deal ruling
12th December 2024 By: Bloomberg

A South African court denied a bid by International Container Terminal Services Inc (ICTSI) to appeal a decision that temporarily stops the nation’s state-owned logistics firm from going ahead with... 


hackers in the dark
Financial crime investigators can now subpoena digital bank records
11th December 2024 By: Darren Parker

The South African Banking Risk Information Centre (Sabric), the Directorate for Priority Crime Investigation (Hawks) and the Banking Association South Africa (Basa) have launched the Section 205... 


dude pouring beer from a tap
Deadline for public comment on alcoholic beverages taxation discussion paper extended
3rd December 2024 By: Darren Parker

National Treasury has extended the deadline for public comments on its ‘Taxation of alcoholic beverages’ discussion paper. The paper was published for public comment on November 13, alongside two... 


structural steel
Itac gets Sars to provisionally implement 52.81% duties on imported Chinese structural steel
2nd December 2024 By: Darren Parker

Pending the outcome of an investigation by the International Trade Administration Commission of South Africa (Itac) into the alleged dumping of structural steel products imported from China and... 


Africa poised for transition-based investment opportunities
29th November 2024

Africa’s energy transition presents one of the most significant investment opportunities globally as the continent strives to improve electricity access while prioritising decarbonisation.... 


SAIA Auction Information Guide booklet cover
SAIA publishes auction information booklet to provide guidance to auctioneers, the public
26th November 2024 By: Darren Parker

The South African Institute of Auctioneers (SAIA) has published a comprehensive new booklet to simplify the auction process for buyers, sellers and the general public. The ‘SAIA Auction Information... 


Stefanutti Stocks sign over construction site
Stefanutti remains commercially solvent but says its future is uncertain
26th November 2024 By: Darren Parker

Multidisciplinary construction group Stefanutti Stocks says it is still commercially solvent despite its current liabilities exceeding its current assets by more than R1.2-billion and its total... 


Trade, Industry and Competition Minister Parks Tau
EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says
20th November 2024 By: Darren Parker

Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the... 


CDE executive director Ann Bernstein
Protectionism not the answer to South Africa’s economic problems, CDE says
20th November 2024 By: Darren Parker

Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The... 


Keyboard and headphones
dtic clarifies closing date for comment on direct marketing law amendments
18th November 2024 By: Marleny Arnoldi

The Department of Trade, Industry and Competition (dtic) has clarified that the closing date for public comments on the draft amended Regulation 4 of the Consumer Protection Act is December 12, not... 


Thabi Leoka
JSE censures, bans, fines Thabi Leoka
15th November 2024 By: Darren Parker

The JSE has decided to impose a public censure on Thabi Leoka, the former independent nonexecutive director of listed companies Remgro, Netcare and Anglo American Platinum, along with a fine of... 


An image of Imraan Mahomed
Company highlights immigration compliance challenges
15th November 2024 By: Lumkile Nkomfe

An examination of the legal obligations of employers when hiring foreign workers was communicated during corporate law firm Cliffe Dekker Hofmeyr’s Immigration Compliance and Workplace Enforcement... 


carbon tax graphic
National Treasury publishes Phase 2 carbon tax discussion paper for public comment
13th November 2024 By: Darren Parker

National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax. Government announced its intention to do this in the 2024 Budget presented in... 


johannesburg at night
‘No crisis looming’ as independent technical assessment set to resolve billing dispute between Eskom, City Power
11th November 2024 By: Darren Parker

Electricity and Energy Minister Dr Kgosientsho Ramakgopa has confirmed that an independent technical assessment of the R6.1-billion billing dispute between State-owned utility Eskom and the City of... 


President elect Donald Trump
Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies
6th November 2024 By: Darren Parker

While the decisive American election mandate, which has seen Donald Trump being all but confirmed as President elect in the US, has strengthened political certainty within that country, it has... 


Person holding a cellphone
dtic invites comments on draft regulations blocking unwanted direct marketing communication
1st November 2024 By: Schalk Burger

The Department of Trade, Industry and Competition (dtic) invites comments on the draft amended Regulations 4 of the Consumer Protection Act, which provides mechanisms to block unwanted direct... 


Donald Trump
Trade opportunities for emerging countries to remain under a Trump Presidency, economist says
29th October 2024 By: Darren Parker

Economist Dr Larry Hatheway has predicted that Donald Trump will win the upcoming US presidential elections against Kamala Harris, which will probably encourage deglobalisation based on the former... 


sugar pile
Sugar industry calls for Godongwana to honour his commitment to reassess sugar tax
28th October 2024 By: Darren Parker

In an open letter, several sugar industry associations have called on Finance Minister Enoch Godongwana to honour a commitment he made in his 2023 Budget, where he announced that consultations... 


roulette table closeup
Sun International’s proposed acquisition of Peermont should be denied, commission recommends
28th October 2024 By: Darren Parker

The Competition Commission has recommended that the Competition Tribunal prohibit JSE-listed Sun International’s proposed acquisition of Peermont Holdings. The commission said on October 28 that it... 


Magazine cover image
Greater coordination needed to realise green-hydrogen aspirations
25th October 2024 By: Darren Parker

Despite enthusiasm for the development of a hydrogen economy from the public and private sectors, there remains a significant lack of coordination to effectively implement projects and bring the... 


Mitochondria's fuel cell technology
Local supply chain challenges pose significant threat to localised manufacturing
24th October 2024 By: Darren Parker

If hydrogen technology developer Mitochondria Energy CEO Mashudu Ramano had known beforehand how difficult it would be to find local suppliers for hydrogen fuel cell and electrolyser parts, he... 


BLSA CEO Busi Mavuso
Automotive industry the ‘unsung hero’ of the South African economy – Mavuso
21st October 2024 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busi Mavuso has described the domestic automotive industry as the “unsung hero of the South African economy” after joining the naamsa | The Automotive... 


AMSA production facility
‘Support and commitment’ not enough to save long steel business, urgent action needed – AMSA
16th October 2024 By: Darren Parker

Government’s support for, and commitment to, addressing the removal of export tax on scrap metal, resetting the price preference system (PPS) mechanism at an appropriate level, implementing trade... 


power station emissions
South Africa’s emissions to peak in 2024, reach decade low in 2030 – report
7th October 2024 By: Darren Parker

South Africa’s overall emissions will reach their peak this year and will be followed by a downward trend that will culminate in the lowest emissions this decade in 2030, the draft first 'Biennial... 


An image of Amith Singh
Localisation key to unlocking potential
27th September 2024 By: Lumkile Nkomfe

Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing... 


Public Works and Infrastructure Minister Dean Macpherson
Macpherson, AGSA commit to working together to iron out DPWI financial mismanagement
25th September 2024 By: Darren Parker

Following a meeting between Public Works and Infrastructure Minister Dean Macpherson and the Auditor-General of South Africa (AGSA) on September 25, the two parties have committed to working... 


Somali pirates on a boat with guns
Combatting resurgence of Somali pirate activity requires holistic approach, expert says
23rd September 2024 By: Darren Parker

Maritime piracy along the Somali coast is seeing something of a resurgence in 2024 because the root causes on land have gone largely unaddressed and international support has declined,... 


ArcelorMittal South Africa CEO Kobus Verster says there is more positive outlook for the country.
South Africa’s coalition government triggers wave of investment
23rd September 2024 By: Bloomberg

The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest... 


Rooivalk helicopter
Defence industry CEO calls for PPPs to fund SANDF projects
20th September 2024 By: Darren Parker

The CEO of the South African Aerospace, Maritime and Defence Industries association, Sandile Ndlovu, has called for the use of public-private partnerships (PPPs) to help fund defence projects in... 


Treasury’s Guma leaves, reform unit to remain priority
20th September 2024 By: Bloomberg

South Africa’s National Treasury said its “pool of skilled and competent officials” is sufficient to ensure that the work of the unit responsible for economic-growth enhancing structural reforms... 


beer in glass mug with foam
SAB reiterates calls for revised approach to excessive beer excise tax increases
16th September 2024 By: Darren Parker

Government is disproportionately reliant on the beer-making industry for excise duties, which accounted for 34.7% of total excise revenues in the 2023/24 financial year, JSE-listed beer maker South... 


Image of a trench dug next to the M5 by cable thieves
Cape Town’s Metal Theft Unit recovers 1.8 t of metal, 54 km of cable
16th September 2024 By: Irma Venter

The City of Cape Town (CoCT) says its dedicated Metal Theft Unit (MTU) in the past year (ending June 30) recovered more than 1.8 t of metal and 54 km of stolen cable. “The scary thing is that for... 


Image of CoCT's study areas for its LSDF
Cape Town proposes new CBD spatial plan; expects up to 50 000 new inner-city residents by 2040
13th September 2024 By: Irma Venter

The City of Cape Town (CoCT) has invited the public to comment on its 2040 local spatial development framework (LSDF) for the central business district (CBD). The LSDF will guide decisions about... 


An image of solar panels installed for a manufacturer
EU targets carbon emissions through import tariff
6th September 2024 By: Nadine Ramdass

The EU’s Carbon Border Adjustment Mechanism (CBAM), set to come into effect in 2026, is poised to drive companies exporting to the EU to rethink their energy strategies and adopt renewable-energy... 


Commissioner Doris Tshepe and ACA chairperson Dr Eugénia Pereira
South African, Angolan competition authorities sign MoU
4th September 2024 By: Darren Parker

The Competition Commission has signed a memorandum of understanding (MoU) with the Angola Competition Authority (ACA), establishing a general framework for bilateral communication and cooperation... 


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Magazine round up | 13 December 2024
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