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Economic Affairs

Areas of Disconnect Remain With National Lotteries


Portfolio Committee on Economic AffairsMs Nomfundo Maseti, acting deputy director of the consumer and corporate regulation division of the department of trade and industry, told the parliamentary portfolio committee on…

DTI Terminates Non-Accredited BBBEE Verification Agencies


Department of Trade and IndustryThe department of trade and industry has reiterated that non-accredited verification agencies are no longer allowed to issue broad-based black economic empowerment (BBBEE) verification certificates. This…

Eskom Wants More Rail Infrastructure to Boost Coal Supply


Portfolio Committee on Public EnterprisesEskom has established a work group with Transnet to investigate how additional rail infrastructure can be put in place to address coal supply to its power…

Companies Act Regulations Published for Public Comment


Department of Trade and IndustryThe department of trade and industry has published regulations to the Companies Act in the Government Gazette for public comment. Comment is called for until 1…

Industrial Policy Action Plan to Focus on Energy Efficiency


Department of Trade and IndustryThe trade and industry minister, Rob Davies, has reiterated that South Africa will shortly be adopting a new industrial policy action plan. The minister made this…

Economic Development Seeks Competitive Exchange Rate for Rand


Ministry of Economic DevelopmentEconomic development minister, Ebrahim Patel, says South Africa needs a competitive exchange rate and government plans to invite all stakeholders to have their say on how best…

Finance Minister Eases Exchange Controls to Stimulate Economy


National TreasuryFinance minister Pravin Gordhan has further eased exchange control to stimulate the economy.The minister announced the proposed changes that include increases in the Rand thresholds applicable to outward investments…

IDC Funding to Create 24 200 New Jobs


Select Committee on Trade and International RelationsThe Industrial Development Corporation (IDC) expects its funding allocations to create 24 200 new direct jobs in South Africa and 5000 on the African…