South Africa?s Trade Promotion Efforts are Crucial to Economic Growth
2019-07-14
The Minister of Trade and Industry, Mr Ebrahim Patel, says building the African Continental Free Trade Area (AfCFTA), and making South Africa?s trade promotion efforts more effective and strategic, was very crucial to economic growth in the country and the African continent in general.
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Media Statement on Promulgation of Certain Sections of the Competition Amendment Act, 2018
2019-07-12
Following publication of a Presidential Proclamation today, 12 July 2019, certain sections of the Competition Amendment Act, 2018 (Act 18 of 2018) (the ?Amendment Act?) have been promulgated by President Ramaphosa, and have come into full effect and operation.
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B-BBEE Commission Finds MTN Zakhele-Futhi Scheme Inconsistent with the Objectives of the B-BBEE Act
2019-07-11
The investigation by the B-BBEE Commission (Commission) initiated in 2017 against MTN Group Limited (?MTN?) has found the MTN Zakhele-Futhi Scheme that was announced by MTN on 12 September 2016 to be contrary to the objectives of the B-BBEE Act on the basis of a number of restrictions and limitations placed on the black shareholders, which are at odds with the requirements for ownership in the Codes of Good Practice. The Commission has issued remedial recommendations to address the defects identified in the MTN Zakhele-Futhi Scheme, which include changes to the governing documents, such as the Memorandum of Incorporation and the Relationship Agreement concluded in respect of MTN Group Limited and MTN Zakhele-Futhi (RF) Limited (?MTN Zakhele-Futhi?), to grant black shareholders effective rights, control, participation and economic benefits in respect of their stake.
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Eastern Cape Engineering Company to Explore Export Opportunities in India
2019-07-11
The Managing Director of Flat-Foot Engineering in East London, Mr Max Mabuti says his company is looking forward to exploring export and investment opportunities during an Outward Trade Mission (OTM) to New Delhi and Mumbai, India organised by the Department of Trade and Industry (the dti) from 15-19 July 2019.
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SA Delegation on Mission to Showcase Locally Manufactured Value-Added Goods in India
2019-07-10
A 27-member South African business delegation comprising of companies in the agro-processing, defence and electro-technical sectors will jet-out to New Delhi and Mumbai, on an Outward Trade Mission to showcase locally manufactured value-added products and services in India from 14-19 July 2019.
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