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Legislative Environment News

EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says

By: Darren Parker 20th November 2024 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 level of the World Trade Organisation, as they are likely to have a negative impact on South Africa’s... →

Protectionism not the answer to South Africa’s economic problems, CDE says

By: Darren Parker 20th November 2024 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 organisation on November 20 said a new approach to master plans, tariff-setting and competition policy was... →

Photo by Creamer Media's Donna Slater
CDE executive director Ann Bernstein

dtic clarifies closing date for comment on direct marketing law amendments

By: Marleny Arnoldi 18th November 2024 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 January 15 as it originally stated. Government gazetted the amended regulations on October 28,... →

JSE censures, bans, fines Thabi Leoka

By: Darren Parker 15th November 2024 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 R500 000, for failing to provide proof of a qualification she had previously claimed to have obtained.... →

Photo by New Development Bank
Thabi Leoka

Company highlights immigration compliance challenges

By: Lumkile Nkomfe 15th November 2024 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 webinar which took place on October 11, under the themes of assessing the intersection of... →

IMRAAN MAHOMED So far, from what the firm has observed, there have been fines worth more than R10-million in, for example, the hospitality industry

National Treasury publishes Phase 2 carbon tax discussion paper for public comment

By: Darren Parker 13th November 2024 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 February. →

‘No crisis looming’ as independent technical assessment set to resolve billing dispute between Eskom, City Power

By: Darren Parker 11th November 2024 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 Johannesburg’s (CoJ’s) wholly-owned electricity utility City Power will be carried out over the... →

The lights will remain on in Johannesburg over Christmas

Parsons concerned Trump’s victory will result in volatility, uncertainty in emerging economies

By: Darren Parker 6th November 2024 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 heightened market volatility and uncertainty elsewhere, including among emerging economies, North West... →

President elect Donald Trump

dtic invites comments on draft regulations blocking unwanted direct marketing communication

By: Schalk Burger 1st November 2024 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 marketing communication. Interested parties have been given 45 days to submit their comments. All... →

Trade opportunities for emerging countries to remain under a Trump Presidency, economist says

By: Darren Parker 29th October 2024 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 president’s staunch US-first policy approach. However, speaking in a webinar on October 29, hosted... →

In this video, economist Dr Larry Hatheway discusses his views on the economic outcomes of the upcoming US presidential elections

Sugar industry calls for Godongwana to honour his commitment to reassess sugar tax

By: Darren Parker 28th October 2024 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 would be initiated with affected and interested parties on adjustments to the Health Promotion Levy... →

Sun International’s proposed acquisition of Peermont should be denied, commission recommends

By: Darren Parker 28th October 2024 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 found that the proposed merger between the two casino owners would likely substantially prevent... →

Greater coordination needed to realise green-hydrogen aspirations

By: Darren Parker 25th October 2024 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 dream of a green hydrogen economy to life, according to energy technology company Mitochondria Energy... →

Local supply chain challenges pose significant threat to localised manufacturing

By: Darren Parker 24th October 2024 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 would never have entered the hydrogen market at all, he revealed on October 23. Speaking on the second... →

Photo by Mitochondria Energy Company
Mitochondria's fuel cell technology

Automotive industry the ‘unsung hero’ of the South African economy – Mavuso

By: Darren Parker 21st October 2024 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 Business Council’s 2024 South African Auto Week conference, in Cape Town, from October 15 to 18, where... →

BLSA CEO Busi Mavuso

‘Support and commitment’ not enough to save long steel business, urgent action needed – AMSA

By: Darren Parker 16th October 2024 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 measures and reducing logistics and energy costs are insufficient and more urgent action is needed to... →

South Africa’s emissions to peak in 2024, reach decade low in 2030 – report

By: Darren Parker 7th October 2024 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 Transparency Report' (BTR) shows. The BTR, which was published by Forestry, Fisheries and the... →

Localisation key to unlocking potential

By: Lumkile Nkomfe 27th September 2024 Efforts to catalyse the localisation of the automotive component manufacturing sector are critical to economic development, says financial services company Nedbank Commercial Banking manufacturing national manager Amith Singh. Increased localisation efforts facilitate job creation and security... →

AMITH SINGH Nedbank believes that the automotive sector is one of the utmost importance and, as such, partners with industry associations to aid the manufacturing ecosystem

Macpherson, AGSA commit to working together to iron out DPWI financial mismanagement

By: Darren Parker 25th September 2024 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 together to assist the Department of Public Works and Infrastructure (DPWI) in improving its performance... →

Photo by Creamer Media's Donna Slater
Public Works and Infrastructure Minister Dean Macpherson

Combatting resurgence of Somali pirate activity requires holistic approach, expert says

By: Darren Parker 23rd September 2024 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, Transnational Organised Crime Southern Africa senior researcher Carina Bruwer has said. She was speaking at the... →

South Africa’s coalition government triggers wave of investment

By: Bloomberg 23rd September 2024 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 economy may finally be finding its footing after a lost decade-and-a-half. Within days of the... →

ArcelorMittal South Africa CEO Kobus Verster says there is more positive outlook for the country.

Defence industry CEO calls for PPPs to fund SANDF projects

By: Darren Parker 20th September 2024 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 South Africa. Speaking at the African Aerospace and Defence trade show and exhibition, held at Air... →

Photo by Creamer Media
Rooivalk helicopter

Treasury’s Guma leaves, reform unit to remain priority

By: Bloomberg 20th September 2024 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 won’t be affected by the exit of a senior official. Nomvuyo Guma, the co-head of the unit known as... →

SAB reiterates calls for revised approach to excessive beer excise tax increases

By: Darren Parker 16th September 2024 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 African Breweries (SAB) has said. Over the past few years, the company has made repeated appeals to... →

Cape Town’s Metal Theft Unit recovers 1.8 t of metal, 54 km of cable

By: Irma Venter 16th September 2024 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 all the confiscated items, thousands of kilograms more have made it to bucket shops and unscrupulous... →

A trench dug next to the M5 by cable thieves

Cape Town proposes new CBD spatial plan; expects up to 50 000 new inner-city residents by 2040

By: Irma Venter 13th September 2024 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 land use, development, density, transportation and urban design. →

Image of CoCT's study areas for its LSDF

The LSDF study area

EU targets carbon emissions through import tariff

By: Nadine Ramdass 6th September 2024 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 solutions, such as solar power, says solar installation specialist Solana Energy business development... →

An image of solar panels installed for a manufacturer

WEIGHING OPTIONS Businesses exporting to the EU will incur import charges according to Carbon Border Adjustment Mechanism if they do not invest in renewable-energy

South African, Angolan competition authorities sign MoU

By: Darren Parker 4th September 2024 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 in the fields of competition law, policy and enforcement. The MoU, which was signed on September 4 on... →

Commissioner Doris Tshepe and ACA chairperson Dr Eugénia Pereira

FSCA approves JSE’s plans to divide its main board into two segments

By: Darren Parker 3rd September 2024 The Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE’s listings requirements dealing with market segmentation, which will come into effect on September 23. The market segmentation project repositions the JSE’s main board into two segments, the prime and the general... →

M&R reaches debt repayment agreement with banking consortium

By: Darren Parker 30th August 2024 JSE-listed Murray & Roberts (M&R) has reached an agreement with a consortium of South African banks to repay R409-million in debt. The debt, which peaked at about R2-billion in April 2023, has been significantly reduced through a deleveraging plan agreed upon by the company and the consortium. A... →

CoJ wants unified forum to address illegal mining scourge

By: Darren Parker 29th August 2024 The City of Johannesburg's (CoJ’s) Environment and Infrastructure Services Department (EISD) has called for the establishment of a unified forum to address illegal mining, emphasising the need for a CoJ illegal mining policy or bylaws. EISD representative Cleopatra Mputle highlighted on August 29... →

President transfers legislation as part of steps to split mineral resources, energy portfolios

By: Creamer Media Reporter 28th August 2024 President Cyril Ramaphosa has transferred legislation previously administered by the Mineral Resources and Energy Minister to Mineral and Petroleum Resources Minister Gwede Mantashe and Electricity and Energy Minister Dr Kgosientsho Ramokgopa respectively. This follows the announcement earlier... →

President Cyril Ramaphosa

Embracing diversity an ironclad requirement

By: Lumkile Nkomfe 23rd August 2024 To overcome gender-biased stereotypes and preconceptions in the workplace, concerted efforts to embrace diversity and inclusion should be a non-negotiable hallmark of corporate strategy, highlights international banking group Standard Chartered Africa and Middle East financing and securities... →

MARIA JENNER The financial services industry has a responsibility to serve a highly diverse society, which can only be done through it having a diverse workforce

Transformation integral to development

By: Lumkile Nkomfe 23rd August 2024 Amid the operational challenges of the country’s transport sector, freight forwarding solutions company Tswalanang Logistics highlights the necessity of creating educational opportunities and upskilling women to realise positive long-term economic and social outcomes. While there are sizable... →

ORATILE SEKELE Women should be more receptive to collaborative opportunities and engagements with other women, and should nurture their ability to build and harness relationships, as this is key to the overall longevity of logistics businesses

Women’s participation key to economic growth – investment firm

By: Lumkile Nkomfe 23rd August 2024 Efforts to facilitate the greater participation of women in key sectors of the economy, such as the transport sector, are viewed with the utmost importance by women-led investment firm Identity Partners. The impetus for developing this business, established in 2008, was the desire to increase... →

SONJA DE BRUYN Infrastructure projects and partnerships can be integral to enhancing equality, in addition to safe and effective transport infrastructure's facilitating the movement of women, and therefore, assisting in their participation in economic activity

Identity Partners co-founder and principal partner Sonja De Bruyn discussing the significant roles that women play in industry

Rail infrastructure thieves receive lengthy prison sentences

By: Darren Parker 22nd August 2024 State-owned Transnet Freight Rail (TFR) has welcomed the conviction and sentencing of four people arrested in connection with the theft and damage of essential Transnet infrastructure that seriously impacted on its rail operations. On August 19, the Nxuba Magistrate’s Court in the Eastern Cape... →

Ramaphosa signs Electricity Regulation Amendment Act into law

By: Terence Creamer 16th August 2024 President Cyril Ramaphosa has signed into law the much-anticipated Electricity Regulation Amendment (ERA) Act, which lays the legislative foundations for the establishment of a fully independent Transmission System Operator (TSO) in the coming five years. The ERA Bill was approved by lawmakers... →

President Cyril Ramaphosa

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