Important amendments to B-BBEE codes

 Nearly a year after the Department of Trade & Industry (dti) proposed changes to certain aspects of the b-BBEE codes, final changes were published in the government gazette on 31 may 2019. These changes must be implemented within six (6) months from the date of publication. The changes are largely similar to those proposed, but also contain some positive differences. Sub-minimums (minimum BEE), exempted micro enterprise (eme’s) and qualifying small enterprises (qses), skills development, enterprise and supplier development. NewsHorn will report back on the outcomes of discussion being held…

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Gov’s new plan to create more than 1 million jobs in decade

The South African National Treasury released a discussion document which outlines steps that could bolster growth and address unemployment. The proposed interventions, which include plans to make petrol cheaper and encourage new banks and supermarkets, could raise average GDP growth by 2.3& points over ten years and create just over one million jobs, Treasury says. Even more jobs and stronger economic growth could be expected if SA relaxed immigration measures to attract more skilled workers, it added. Read more on Business Insider about this plan – https://www.businessinsider.co.za/economic-policy-2019-8

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Ministerial handbook to be scrutinised

Dr Leon Schreiber MP – DA Shadow Minister of Public Service and Administration said in a statement that the The Democratic Alliance (DA) welcomes Public Service and Administration Minister, Senzo Mchunu’s, willingness to revisit and improve the reviewed Ministerial Handbook. This follows years of sustained pressure by the DA in pushing for curbed luxuries for politicians as contained in the ‘confidential’ guide. This is to reduce “cabinet benefits and expenditure.” The fact that the formulation of the handbook was done without consulting Parliament, is a smack in the face of…

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