{"id":664155,"date":"2023-02-13T10:43:10","date_gmt":"2023-02-13T08:43:10","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=664155"},"modified":"2023-02-13T10:43:10","modified_gmt":"2023-02-13T08:43:10","slug":"new-laws-coming-to-south-africa-in-the-next-few-months","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/664155\/new-laws-coming-to-south-africa-in-the-next-few-months\/","title":{"rendered":"New laws coming to South Africa in the next few months"},"content":{"rendered":"<p>President Cyril Ramaphosa recently mentioned progress is being made on three bills dealing with the energy sector, Postbank and public procurement.<\/p>\n<p>During his State of the Nation Address (SONA) last week (9 February), the president said that steps towards finalising new bills could be expected in the coming months.<\/p>\n<p>According to the Parliamentary Monitoring Group (PMG), there are currently 58 bills that are progressing to become law &#8211; many at different stages of the legislative process.<\/p>\n<p>The PMG is an information service group that maintains a public online record of policy decisions by the South African parliament.<\/p>\n<p>Earlier this year, the PMG reported that 20 bills were passed in 2022. &#8220;Out of these bills, nine were money bills linked to the main and supplementary budgets,&#8221; said the PMG.<\/p>\n<p>In South Africa, a bill must go through several steps before becoming a law, including introduction in parliament, review by a committee, debate and amendment by parliament, and signature by the president.<\/p>\n<p>Ramaphosa can either sign the bill into law or return it to parliament with recommendations for changes.<\/p>\n<p>Here are the bills Ramaphosa mentioned:<\/p>\n<hr \/>\n<p><strong>Electricity Regulation Amendment Bill<\/strong><\/p>\n<p>Ramaphosa said that this bill would transform the energy sector and establish a competitive electricity market, reported the PMG.<\/p>\n<p>The president said that the bill would be tabled in parliament later this year.<\/p>\n<p>The bill aims to establish an independent transmission company and provide for the emergence of a competitive electricity market.<\/p>\n<p>Ramaphosa said that the bill &#8211; published by the Department of Mineral Resources and Energy &#8211; proposes several amendments to the existing Electricity Regulation Act, and aims to broaden the regulatory framework for the electricity supply industry.<\/p>\n<p>&#8220;The proposed amendments form part of several steps the country is taking to reform the electricity sector towards achieving a stable and secure supply of energy. They will also strengthen the performance of the electricity industry and ultimately create a conducive environment towards growing the economy,&#8221; said the president.<\/p>\n<hr \/>\n<p><strong>Postbank Ltd Amendment Bill<\/strong><\/p>\n<p>Ramaphosa said that, in anticipation of its passing, enactment and implementation, Postbank is already &#8216;reviewing its service offerings so that it can provide a viable and affordable alternative to the commercial banks.<\/p>\n<p>During SONA, the president doubled down on the government&#8217;s plan for a state bank.<\/p>\n<p>He said that the bank would seek to provide an affordable alternative to commercial banks that often turn citizens away as they lack collateral.<\/p>\n<p>Minister of Communications, Khumbudzo Ntshavheni, presented the bill to the National Assembly in May 2022.<\/p>\n<p>This bill amends the South African Postbank Limited Act by adding and modifying definitions, enabling Postbank to operate independently from the South African Post Office (SAPO).<\/p>\n<p>The bill would facilitate the transfer of Postbank&#8217;s shareholdings from SAPO to the government and establish a Bank Controlling Company (BCC) as a holding company for the bank.<\/p>\n<hr \/>\n<p><strong>Draft Public Procurement Bill<\/strong><\/p>\n<p>The Public Procurement Bill aims to address weaknesses identified by the State Capture Commission and improve efficiency, value for money and transparency.<\/p>\n<p>Ramaphosa said the bill would be finalised soon &#8211; however, no specific date was provided.<\/p>\n<p>Certain regulations dealing with preferential procurement &#8211; to be dealt with by the new bill &#8211; spawned controversy when it was originally published as it was misconstrued to rid BEE complaint requirements from contracts between organs of states and others.<\/p>\n<p>Late last year, Ramaphosa sought to clarify the situation and stressed that empowerment in public procurement as it pertains to promoting those who have been historically disadvantaged remains a requirement.<\/p>\n<p>The changes resulted from a Constitutional Court ruling that declared the preferential procurement regulations from 2017 to be unlawful and gave the Minister of Finance a deadline of 12 months to replace them.<\/p>\n<p>According to Ramaphosa, the core issue of the court&#8217;s judgment was the extent of the Minister&#8217;s authority in making preferential procurement regulations.<\/p>\n<p>The bill at large, however, seeks to address such issues, among others, such as the blacklisting of certain suppliers.<\/p>\n<p>In <strong><a href=\"https:\/\/businesstech.co.za\/news\/business-opinion\/642599\/changes-to-south-africas-bee-laws-legal-experts-clear-up-any-confusion\/\" target=\"_blank\" rel=\"noopener\">November<\/a> <\/strong>last year, the government said that it expected the bill to become law by March 2023.<\/p>\n<hr \/>\n<p><strong>Read: <\/strong><strong><a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/660479\/what-the-law-says-about-side-hustles-and-moonlighting-in-south-africa\/\" target=\"_blank\" rel=\"noopener\">What the law says about side-hustles and moonlighting in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa is set to see some new regulatory changes over the next few months, says  president Cyril Ramaphosa.<\/p>\n","protected":false},"author":10,"featured_media":664161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[26,13115],"class_list":["post-664155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-headline","tag-pmg"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/664155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=664155"}],"version-history":[{"count":14,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/664155\/revisions"}],"predecessor-version":[{"id":664269,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/664155\/revisions\/664269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/664161"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=664155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=664155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=664155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}