Department of Trade and Industry
The trade and industry department wants to set up an industrial development zone at Saldanha Bay.
A notice calling for comment on the proposal has been published in Government Gazette 35890.
Written comment is invited until 18 January 2013.
Stakeholders are also expected to comment on the proposed application for an operator permit.
The discussion document contains:
• An introduction to the proposed IDZ
• Background information on the proposed development
• Highlights of the key areas
The document has been drawn up by the Saldanha Bay licencing company. The company is a subsidiary of Wesgro.
The envisaged IDZ will centre on oil and gas and marine repair engineering.
The plan is for it to become a vital hub for oil and gas companies operating in the sub-Saharan region.
Close attention will be placed on developing the necessary skills in the Saldanha region to enable the IDZ to meet its core objectives.
In another matter, the department intends tabling the Broad-Based Black Economic Empowerment Amendment Bill in parliament soon.
A notice of intention to table the bill was published in the Gazette last week.
Cabinet approved the bill for tabling early in August 2012.
According to a statement released at the time, the amendments seek amongst other things to:
• establish a B-BBEE commission “to deal with compliance” in respect of B-BBEE-related legislation;
• strengthen compliance-related monitoring and evaluation;
• provide for offences and penalties;
• provide for the regulation of B-BBEE verification agencies by the independent regulatory board of auditors;
• provide for the creation of incentive schemes to support black-owned and -managed enterprises as part of the national B-BBEE strategy; and to
• promote compliance with B-BBEE legislation by organs of state and public entities.
A draft amendment bill was published in November 2011 for comment.
Clamping down on fronting is a key objective of the bill.
Sabinet Cape Town Office