Department of Trade and Industry
The Companies and Intellectual Property Commission (CIPC) plans to de-activate the Third Party Channel.
The trade and industry department announced the decision in Government Gazette 43073.
The announcement was made in terms of regulation 169(1) of the Companies Regulations.
The Third Party Channel enables individuals or enterprises in either the public or private sector who want to assist CIPC customers with CIPC transactions to register.
The de-activation is set for 1 October 2020.
No applications submitted via the Third Party Channel will be processed from that date.
Meanwhile, the department has, in a statement, declared that the Broad-Based Black Economic Empowerment (B-BBEE) Commission plans to put Enterprise and Supplier Development (ESD) as contained in the Codes of Good Practice on the agenda of Corporate South Africa.
The BBBEE annual conference, scheduled for 13 March 2020 in Durban, will focus on ESD under the theme “Building sustainable partnerships in the economy through ESD”.
“The aim is to promote a conducive environment for creation of sustainable partnerships between Corporate South Africa and black entrepreneurs to enable access and transformation of the value chains.”
In another statement, the department announced that PepsiCo has agreed to a ground-breaking worker empowerment deal as part of its acquisition of Pioneer Foods.
According to the department, the Competition Tribunal approved the deal on 6 March 2020 with conditions.
The trade and industry minister, Ebrahim Patel, described the deal as representing a “new benchmark in empowering workers with a share-ownership plan as a result of merger conditions and committing a foreign investor to new job-creation. It is a shot in-the-arm for business confidence at a low point in the economic cycle and can help to give traction to the economy”.
Terms of the deal include that PepsiCo made commitments to jobs, investment, local empowerment and procurement and agreed that its Sub-Saharan headquarters will be located in South Africa.
Employees will be issued with shares in PepsiCo, worth R1,6 billion (over US$100 million) to be used to finance a 13% stake in the local subsidiary after 5 years, at least one board member to be elected by employees and PepsiCo agreed to maintain aggregate employment levels at current levels for a 5-year period.