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Newly tabled competition bill provides more powers


Portfolio Committee on Trade and IndustryA Competition Amendment Bill, which will beef-up the powers of the Competition Commission in the light of recent price-fixing malpractices, has now been tabled in…

Minister hints at IDZ bill to legislate for tax soft areas


National Council of ProvincesNow that the department of trade and industry (DTI) has completed its policy review on the viability of the industrial development zone (IDZ) programme, minister of trade…

Competition bill emphasises director’s personal liability


Portfolio Committee on Trade and IndustryBy introducing personal liability as a major issue under the recently tabled Competition Amendment Bill and to complement this with existing fines imposed on firms…

Hearing dates announced for Competition Amendment Bill


Portfolio Committee on Trade and IndustryParliamentary public hearings on the Competition Amendment Bill will take place on 29 and 30 July 2008, written submissions to be received no later than…

Advisory panel recommends expansion in tradable goods sector


ParliamentSouth Africa had to invest in the production of tradable goods to increase its export revenue, stimulate economic growth and thereby address the high unemployment rate. Professor Ricardo Hausmann of…

Public response to draft Companies Bill elicits further changes


Portfolio Committee on Trade and IndustryThe published draft of the Companies Bill, which was submitted to public scrutiny recently, produced more than 134 written submissions from stakeholders, interest groups, government…

Stakeholders raise concerns over Consumer Protection Bill


Select Committee on Economic and Foreign AffairsNumerous submissions were received from stakeholders requesting that the Consumer Protection Bill retain a clause directing food manufacturers and suppliers to continue placing clear…

New legislative framework for South African companies introduced


Portfolio Committee on Trade and IndustrySouth African companies would be directed to use simpler and more accessible language in company documents and prospectuses to enhance better compliance with regulations. The…

Progress report on the economic cluster’s programme of action


Minister of Trade and IndustryGovernment had noted the recent findings of the Competition Commission on the banking industry and would consider whether regulatory reforms and initiatives were necessary to address…

Domestic space industry to launch economic growth


Department of Trade and IndustryModern information infrastructure iss vital to any country striving to compete in the knowledge-driven global economy. The department of trade and industry has released the draft…