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Economic Development
Competition Tribunal & ITAC 2017/18 Annual Reports; with AGSA input
9 Oct 2018
The Competition Tribunal told the Committee the decrease in its efficiency was mainly due to the increase in the investigation periods. There had been an increase in the number of extensions and delays that it could not do anything about. The increase in its case load, the ...
Economic Development
Competition Amendment Bill: Minister’s response to amendments
2 Oct 2018
The Committee met to hear responses from the Minister on amendments to the Competition Bill proposed in the A-List.
The Minister of Economic Development took the Committee through responses to the Committee amendments to the Competition Bill. The highlights of the responses were as follows:
Clause 6 (Section 9 - ...
Economic Development
Competition Amendment Bill B23-2018: Ministry response to submissions
11 Sep 2018
The Minister of Economic Development responded to the matters raised during the public hearings on the Competition Amendment Bill. The Bill aims to ensure economic transformation inclusivity by opening the door to small and medium enterprises and black Africans to participate meaningfully in the country’s economic activities thereby enlarging the ...
Economic Development
Competition Amendment Bill: deliberations
5 Sep 2018
The Portfolio Committee on Economic Development met to discuss all sections of the Competition Amendment Bill, 2018. As this was a very technical Bill, the Members agreed to refer what seemed unclear to them to the Minister for a response. Guidelines were a contentious issue, with the state law adviser ...
Economic Development
Competition Amendment Bill [B23-2018]: deliberations
4 Sep 2018
The Portfolio Committee on Economic Development held a sitting after the completion of the public hearings phase on the Competition Amendment Bill. The objective of the meeting was to obtain feelers from Committee Members on their personal experiences and what other suggestions they might proffer.
Most Members felt that the ...
Economic Development
Competition Amendment Bill: public hearings day 2
29 Aug 2018
The Portfolio Committee on Economic Development received briefings from various stakeholders on the second day of public hearings on the Competition Amendment Bill, which had officially been introduced to the National Assembly last month. Its primary objective was to address the structural challenges that were considered by the Minister of ...
Economic Development
Competition Amendment Bill: public hearings day 1
28 Aug 2018
On the first of two days of public hearings, the Committee was briefed by nine entities, including organised business, trade unions, manufacturers, retailers and legal representatives, on their opinions of the proposed amendments to the Competition Act.
The Law Society of South Africa supported the objectives of the Bill to ...
Economic Development
Competition Amendment Bill [B23-2018]: briefing by Minister
21 Aug 2018
The Minister of Economic Development briefed the Committee on the Competition Amendment Bill. The Bill sought to clarify certain key aspects of the Competition Act of 1998 such as market enquiry, abuse of dominance, national security and public interest issues.
There were two aspects to the meeting - the Minister ...
Economic Development
Textile Industry: IDC briefing; Economic Development Department Quarter 4 performance with Minister & Deputy Minister
12 Jun 2018
The Minister of Economic Development, Mr Ebrahim Patel, presented the fourth quarter report of the Economic Development Department to the Committee and he was accompanied by his Deputy, Mr Madala Masuku.
The Minister reported that the country’s GDP declined 2.2 percent during the quarter with agriculture taking the biggest hit ...
Economic Development
Import Regulations: briefing by ITAC
30 May 2018
The Committee was briefed on import control and enforcement by the International Trade Administration Commission (ITAC). The meeting was also attended by stakeholders from the sugar and poultry industries.
Members had requested the briefing when they were considering ITAC’s annual report, because they felt they needed to understand the status ...