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DOT to Specify Qualification Criteria for Tourism Equity Fund

February 23, 2021

Department of Trade, Industry and Competition

The tourism department has been granted permission to specify qualification criteria for the Tourism Equity Fund that exceed those found in the relevant code of good practice.

The trade, industry and competition department announced the decision in Government Gazette 44172 in terms of the Broad-Based Black Economic Empowerment (BBBEE) Act.

According to the notice, the tourism department applied in 2019, with a revised application in 2021, requesting permission to specify qualification criteria for the Tourism Equity Fund, on Ownership and Management Control elements, which exceed those set out in the relevant code of good practice.

The trade, industry and competition minister, Ebrahim Patel, holds the view that the tourism department has shown how exceeding qualification criteria for the Fund will promote the objectives of the BBBEE Act specifically and transformation in general in the tourism sector.

The permission is granted for the duration of the Tourism Equity Fund or a 10-year period, whichever is shorter.

Meanwhile, in Gazette 44173, the department announced the initiation of an investigation into the alleged dumping of frozen bone-in portions of chickens originating in or imported from Brazil, Denmark, Ireland, Poland and Spain.

The South African Poultry Association applied to the International Trade Administration Commission alleging that the frozen bone-in portions of chickens are being dumped on the Southern African Customs Union (SACU) market causing material injury and a threat of material injury to the SACU industry.

According to the notice, the “allegation of dumping is based on the comparison between the normal values in Brazil, Denmark, Ireland, Poland and Spain and the export prices from Brazil, Denmark, Ireland, Poland and Spain respectively”.

ITAC found that there was prima facie proof of dumping of the subject product from Brazil, Denmark, Ireland, Poland and Spain.
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