Trade, Industry and Competition
Committee Report on Trade and Industry Budget Vote & Transfer Pricing
30 Apr 2015
Members of the Committee considered the first draft of the Committee Report (the Report) on the budget vote and deliberated upon it extensively. Major areas of the discussion included the following:
-The strategic and annual performance plans of entities relating to the Department.
-The content of the nine point plan, ...
Trade, Industry and Competition
Transfer Pricing Public Hearings: Submissions from Department of Trade and Industry, Alternative Information Development Centre, SA Mining Development Centre, Mr F Shivambu and Prof B Turok briefings
29 Apr 2015
The Committee continued with public hearings on transfer pricing, taking presentations from a number of institutions and individuals.
Mr F Shivambu, Prof. B Turok and representatives from the Department of Trade and Industry (DTI), the ; the South African Mining Development Association (SAMDA) gave inputs on Transfer Pricing to the ...
Trade, Industry and Competition
Tobacco Institute of South Africa & Chevron South Africa briefings on industry challenges & transformation
24 Apr 2015
The Tobacco Institute of South Africa and Chevron South Africa presented various issues pertaining to the tobacco and the petroleum industries within a changing economic climate in South Africa.
Tobacco Institute of South Africa (TISA) spoke about the trade in illicit cigarettes within South Africa; transformation efforts within the domestic ...
Trade, Industry and Competition
Transfer pricing: hearing
22 Apr 2015
The Davis Tax Committee, said about three years ago, the South African Revenue Services (SARS) did a very aggressive investigation into transfer pricing and collected R1.1 billion for just that one financial year. This indicated that there was a considerable “haemorrhaging of money”. It was not only companies that were ...
Trade, Industry and Competition
National Regulator for Compulsory Specifications & Companies Tribunal on their Strategic and Annual Performance Plans
21 Apr 2015
The National Regulator for Compulsory Specifications (NRCS) strategy focus was on source inspections and to lock out non-compliant products before the products entered point of trade and ensure that NRCS was more efficient in regulating the market. Retail and distributor inspections were meant for intelligence gathering and to identify non-compliant ...
Trade, Industry and Competition
Companies and Intellectual Property Commission (CIPC) & National Credit Regulator (NCR) on their Strategic & Annual Performance Plans
14 Apr 2015
The National Credit Regulator (NCR) and the Companies and Intellectual Property Commission (CIPC) reported on their Strategic Plans 2015/16 – 2019/20 and Annual Performance Plans for 2015/16.
The CIPC said although customers demonstrated more than average satisfaction with CIPC, stakeholders were less satisfied with the CIPC across all attribute dimensions. ...
Trade, Industry and Competition
KwaZulu Natal Gambling Board status: KZN MEC for Finance briefing
27 Mar 2015
The MEC for Finance, KwaZulu Natal, with representatives also from the Department of Trade and Industry (dti), Provincial Treasury of KwaZulu Natal, and the Co-administrator of the National Gambling Board, gave input to the Committee on the matter of the KwaZulu Gambling Board, and briefly summarised the main issues in ...
Trade, Industry and Competition
Engagement on Transfer Pricing
25 Mar 2015
Mr F Shivambu (EFF) presented a paper on transfer pricing and the South African Mining Development Agency presented their perspective on transfer pricing as it related to the mining industry.
Mr Shivambu said transfer pricing was usually utilised by multinational corporations as a form of tax avoidance through selling the ...
Trade, Industry and Competition
3rd Quarterly Reports for National Credit Regulator, National Lotteries Board & Companies and Intellectual Property Commission
24 Mar 2015
The National Credit Regulator (NCR), the National Lotteries Board (NLB) and the Companies and Intellectual Property Commission (CIPC), reported on their Third Quarter Financial and Non-Financial Performances. The Committee also dealt with the request by Mr G Hill-Lewis to have full access to the forensic investigation report on the ...
Trade, Industry and Competition
Proudly South Africa briefing
18 Mar 2015
The Portfolio Committee on Trade and Industry was briefed by Proudly South Africa (PSA). The presentation focused on the campaigns that had been run by the PSA to market the label and promote the buying of local products. These included the “Buy Local” summit and exposition, the SA Premier Business ...