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Integrated Resource Plan 2 to be Promulgated This Year

The Presidency

A second integrated resource plan (IRP2) will be promulgated “by the last quarter of 2010”. Deputy President Kgalema Motlanthe announced this during a reply to questions raised in Parliament yesterday. 

The plan will identify energy generation technologies required over the next 20 years to ensure that South Africa’s energy mix becomes more diversified and less coal dominated.

Reserve Bank to Amend Banking Regulations in 2012

Standing Committee on Finance

The banking supervision department of the reserve bank plans to implement a comprehensive set of amended banking regulations on 1 January 2012. The regulations will include the package released by the Basel committee on 13 July 2009 as amended.

Cabinet Approves Tax Administration Bill

Cabinet

Cabinet has approved the Tax Administration Bill for tabling in Parliament. The South African Revenue Service (SARS) released the bill for public comment in October last year.

Social Assistance Amendment Bill Submitted to President

Department of Social Development

The Social Assistance Amendment Bill has been submitted to the president for promulgation.

It seeks to facilitate a process wherein social grant applicants and beneficiaries are treated with fairness, dignity and respect.

Moratorium on Farm Evictions Mooted

Department of Agriculture, Forestry and Fisheries

Government intends declaring a moratorium on farm evictions.

This became apparent during the national summit on vulnerable workers held at the end of July. Government also acknowledged the urgent need to develop and implement mechanisms allowing for due process to be followed before any eviction can be effected.

Tenure rights will be secured for workers to ensure that “they have access to land to support their livelihoods and economic activities”.

Focus on ...

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FRAUD UPDATE

Business Unusual: Dealing with fraud and its aftermath in a world where the rules have changed

Fraud is a universal challenge, compounded by the global economic crisis, and it continues to be a major area of concern in both the public and private sectors. While many professionals try to keep abreast with the latest techniques to combat fraud, the financial losses and costs of preventing it are enormous. In South Africa, maladministration, fraud and corruption have a profound effect on the South African economy, with an estimated loss of R150bn per annum due to corruption. The ACFE SA Conference program will feature a variety of presentations and workshops to equip the forensic practitioner with the most up to date information and skills to combat fraud and corruption. For information on this event: www.acfesa.co.za / admin@acfesa.co.za.

This week in Parliament

Committee meetings continue in Parliament this week.

On Tuesday, the competition commission is scheduled to brief the economic development committee on its strategic plan. The standing committee on finance will consider the Taxation Laws Amendment Bills after receiving a final briefing from national treasury and the revenue service on the proposed amendments.

The national assembly’s justice committee will be briefed by the justice department on the Magistrates’ Courts Amendment Bill. The Sentech board intends updating the communications committee on its revised strategic plan.

On Wednesday, the trade and industry department will provide a progress report to the trade and industry committee on the implementation of IPAP2. The health committee is to receive detail from the medicines control council on the criteria used to approve medicines and the extent of the current backlog.

The portfolio committee on mining is scheduled to conduct public hearings on the Geoscience Amendment Bill. The deputy-minister of defence and military veterans intends updating the defence committee on work done by the ministerial task team on military veterans.

On Friday, the industrial development corporation will brief the economic development committee on its strategic plan for the next three years.

Minister in the Spotlight

Mr Richard Baloyi

Mr Richard Baloyi
Current Portfolio: 

Minister of Public Service and Administration (2008-)

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