Archive for March 5th, 2010

source: Mmegi
Staff Writer

Governemnt will start regulating the production and sale of traditional beer before the end of this year, Trade and Industry Minister, Dorcus Makgato told parliament yesterday.

” [A] decision has been made to regulate traditional beer under the Liquor Act as opposed to the Local Government/Township Act. The draft regulations will be submitted to Cabinet for approval this month,” said Malesu. She said that it took long too draft the regulations because government had to consult with stakeholders.

Malesu made the revelation when requesting budget approval for her ministry’s share of the national budget for 2010-11 financial year. Other initiatives that the minister intends to introduce are the review of the Consumer Protection Act of 1998 so as to strengthen consumer protection and curb unfair business practices. “In the meantime, my ministry will undertake market price surveys and [continue reading]

5 March 2010

Business Unity South Africa (Busa) on Wednesday said the government’s new industrial policy action plan failed to address the high cost of doing business and the difficulty of obtaining financing.

“The intention to focus Industrial Development Corporation (IDC) priorities on responding to the industrial policy action plan is welcomed,” Busa said at public hearings in Parliament on the action plan.

“However, a key challenge in making this successful is that the current approach of the IDC is similar to that of private banks, where the management of risk makes it very difficult if not impossible for emerging entrepeneurs to obtain financing.”

The business confederation said for the industrial action plan to succeed the department of trade and industry must take into account the cost constraints faced by companies and [continue reading]