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News

Sunday, 23 September 2018
Department of Trade and Industry logo
Intellectual property policy of the Republic of South Africa Phase I

"Despite attention paid to IP law-making in the country, there is a need for a comprehensive IP Policy that will promote a holistic, balanced and coordinated approach to IP that is mindful of the many obligations mandated under the South African Constitution." The Department of Trade and Industry has published the Intellectual property policy of the Republic of South Africa Phase I

Publication Date:
Monday, August 20, 2018 - 15:30
IMF logo
South Africa staff report for the 2018 Article IV consultation

The International Monetary Fund (IMF) has published the outcome of its Article IV consultation with South Africa that took place between 28 May and 11 June 2018. The outcome of the visit is summarised in an Article IV Report. The National Treasury's Media Release of 30 July states that "The IMF acknowledges that South Africa’s economy remains well integrated in the global economy, diversified and has a sophisticated financial services sector. The IMF has welcomed ongoing initiatives to further buttress financial sector stability, including the new Financial Sector Regulation Act that lays the foundations of the Twin Peaks model of financial regulation. In addition, the IMF notes that strong institutions and a young workforce will contribute to higher growth potential. 
 
However, several impediments to growth are highlighted, including policy uncertainty and regulatory overreach that hinders private investment, inefficiencies in SOEs, labour market rigidities, insufficient competition in product markets and corruption."

Publication Date:
Monday, August 20, 2018 - 15:00
National Treasury logo
Recommendations on Zero Ratings in the Value-Added Tax System

The Independent Panel for the Review of Zero Rating in South Africa has submitted Recommendations on Zero Ratings in the Value-Added Tax System to the Minister of Finance. "The Panel assessed its proposals in terms of their projected effects on five main outcomes. 1. The overall tax system must remain as progressive as possible. 2. The extent to which VAT could become more progressive. 3. Zero rating should incentivise merit goods and address special needs for women, older people, those living with disabilities and children if possible. 4. The cost of zero rating to the fiscus should not be excessively high. 5. The benefits of zero rating should not be absorbed by producers or retailers."

Publication Date:
Monday, August 20, 2018 - 14:45
Department of Agriculture, Forestry & Fisheries logo
Draft climate smart agriculture strategic framework

The Draft climate smart agriculture strategic framework, available for comments, "outlines the role that Climate Smart Agriculture (CSA) can play in addressing vulnerabilities facing the agriculture sector. Various stakeholders, and farmers, have a role to play in promoting resource efficiency, increased productivity and social equity through mitigation and adaptation efforts. All South Africans have a role to play through implementation of this framework in ensuring sustainability of the agriculture sector as one of the anchors of our Gross Domestic Product (GDP). Targeted efforts will be made to ensure that women, youth, people living with disability and subsistence farmers are involved in implementation of this framework." 

Publication Date:
Wednesday, August 15, 2018 - 10:15

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