ABC Agbiz Congress

5-6 June 2012

ABC Council Meetings

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DG, Lionel October, indicated in his presentation that the amendments emanated mainly from proposals that were made by the BEE Advisory Council through the Council's interaction with Cabinet and the Department.

 He emphasised that the overall purpose of the Amendment Bill was to get the Broad-Based Black Economic Empowerment on track and to return it to its original purpose and objectives to ensure that:

* Black people own and run the means of production;

* Transformation legislation was aligned with other plans such as the New Growth Path and the National Development Plan;

* Black entrepreneurs are created by affording them business opportunities;

Jobs are created; and

* B-BBEE is not a get rich quick scheme. 

He mentioned the fact that some sectors of the economy were doing better while others were not doing that good while bad elements were circumventing the intentions of the act by fronting. He assured business that the department will provide enough time for consultation including taking the Amendment Bill to NEDLAC. He pleaded with business to advocate for economic transformation in the country.

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Africa Loses Billions in Potential Trade Earnings, Falls Short of Vast Promise in Cross-Border Business

- New World Bank Report

Picture: Sunday Times

A new World Bank report shows how African countries are losing out on billions of dollars in potential trade earnings every year because of high trade barriers with neighboring countries, and that it is easier for Africa to trade with the rest of the world than with itself. 

Full Report»

Introduction»
Part 1: Facilitating Cross-border Trade in Goods and Services»

Part 2: Removing Non-tariff Barriers to Trade»

Part 3: Integrating Services Markets» 

Related media articles:

http://www.engineeringnews.co.za/article/barriers-blunt-trade-within-africa-world-bank-2012-02-08

http://www.businesslive.co.za/southafrica/sa_markets/2012/02/08/trade-barriers-cost-africa-billions-world-bank

Pre-2012 Budget Economic And Business Perspective For South Africa

Mr Raymond Parsons, BUSA Deputy Chief Executive Officer, last week presented a Pre-2012 Budget Economic And Business Perspective for South Africa.  Given the assumptions on the global environment, BUSA offers an assessment of economic and business trends- the possible outlook for this year and policy recommendations to equip the economy

on "weathering the storm". Click to download the full report: A pre-2012 Budget Economic and Business Perspective for South Africa»  

In this BUSA Electronic Bulletin» 

* The New Year message of the CEO 

* Pre-2012 Budget a Business and Economic Perspective 

* Amendment of the B-BBEE Act 

* World Economic Forum - what it means for Africa

* BUSA at the B20 Summit, a summary

* February 2012 calendar

The FEWS NET monitors trends in staple food prices in countries vulnerable to food insecurity. The Price Watch provides an update on trends in selected urban centers.

Prices for key markets and commodities monitored are made available in the Price Watch Annex. 

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