• Policy Watch SA

IN THE LOOP (11)

Updated: a day ago


Vol. 1 No. 11, covering the week ending 8 October 2021

(copies of earlier editions are available on request)

DEVELOPMENTS OF GENERAL INTEREST


A National Council on Gender-Based Violence & Femicide Bill is expected to be tabled in Parliament shortly. The Government Gazette notice announcing this included a draft version of the Bill, which is the next step in the process of implementing the 2019 strategic plan for combatting gender-based violence and femicide.


National Treasury has confirmed that government has 18 months to address ‘deficiencies’ and ‘weaknesses’ identified during a two-year international Financial Action Task Force assessment of South Africa’s system for curbing money laundering, terrorism financing and its proliferation.


DEVELOPMENTS OF SECTOR-SPECIFIC INTEREST


More amendments have been made to Schedule 2 of the Electricity Regulation Act. They add a new sub-clause affecting anyone performing the activities of a reseller and in certain circumstances exempt from licensing requirements.


Once in force, the new Private Security Regulation Amendment Act will allow limitations to be set on foreign shareholdings in private South African security companies, and foreign participation in their control.

OUT FOR PUBLIC COMMENT

​The South African Reserve Bank has published a discussion document on the valuation requirements to be met by designated institutions for ‘resolution planning purposes’.


National Treasury has released draft regulations (with an explanatory memorandum) on a ‘domestic reverse charge mechanism’ with VAT implications for the supplying and purchasing vendors of defined valuable metals.


The Accounting Standards Board has published two sets of proposals with implications for public sector accounting:​

  • one focuses on amendments to the generally recognised accounting practice standard for the treatment of heritage assets, and

  • the other outlines what is envisaged for the board’s next two-year work programme, which is scheduled to begin in 2024.

In anticipation of parliamentary hearings, the NCOP’s Finance Committee has called for written submissions on a ‘B’ version of the Financial Sector Laws Amendment Bill. Its purpose is to provide a comprehensive framework for the resolution of failed large, systemically important financial institutions, including banks.


The Department of Forestry, Fisheries & the Environment has published draft guidelines on designing and producing various forms of packaging for eventual recycling.

The Department of Forestry, Fisheries & the Environment has released proposals for the next annual provincial elephant, black rhino and leopard hunting trophy quotas.


The Department of Social Development has released a draft Non-profit Organisations (NPOs) Amendment Bill intended to strengthen NPO servicing and monitoring; and promote ‘transparency and accountability’.


Proposals for the contents of an Interim Registration of Muslim Marriages Bill have been published with a view to enabling the registration of Muslim marriages solemnised under ‘the tenets of Islamic rulings’.


FROM THE POWERS THAT BE (quotations from the original documents)


'It is common cause that the country is now going through one of ... (its) most difficult periods, occasioned by the pandemic on one hand and the inclement economic conditions that prevailed even before Covid-19 on the other. It is against this background that we appeal to all the players – workers and employers, unions federations and employer bodies – to handle the sensitive talks with the necessary caution' (Employment & Labour Minister Thulas Nxesi)


'We have noted ... concerns regarding the pace of ... replac(ing) ... pit latrines (in our schools) ... Great strides are being made ... We have stepped up ... monitoring ... the delivery of school infrastructure projects ... Basic pit toilets are scheduled for eradication at ... 2 825 schools. Of these, sanitation projects at 1 186 schools have already achieved practical completion; and the balance ... are scheduled to achieve practical completion before the end of this year or during the 2022/23 financial year' (Basic Education Minister Angie Motshekga)


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