Finances

Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.

Scrap Metal Export Control Guidelines Tweaked

Department of Economic Development

Amended export control guidelines on the exportation of ferrous and non-ferrous waste and scrap have been published in Government Gazette 37992.

The International Trade Administration Commission (ITAC) was instructed by the economic development minister Ebrahim Patel in 2013 to put export control guidelines for scrap metal in place.

Eskom Thrown a Lifeline

National Treasury

Eskom has been thrown a R50 billion lifeline.

National treasury, in a statement, clarified that the money would be raised by Eskom as additional debt on the back of government’s guarantee facility.

Commissioner Appointed to African Bank Limited

South African Reserve Bank

Adv J F Myburgh has been appointed as commissioner to African Bank Limited (ABL) as from 30 August 2014.

The notice, published in Government Gazette 37979, indicates that the commissioner is tasked with investigating the “business, trade, dealings, affairs or assets and liabilities” of the bank.