New finance laws for South Africa get the 'green light'
Finance Minister Enoch Godongwana has welcomed the passing of the General Laws Amendment Bill by the National Council of Provinces on Tuesday.
The Bill amends five pieces of legislation to satisfy the technical compliance deficiencies that were identified in the FATF in its Mutual Evaluation Report last year. These technical compliance deficiencies represent one-half of the exam we must pass. “The outstanding four deficient recommendations are being addressed via policy processes and mechanisms.”
He said if the National Assembly adopts the Bill with the proposed amendments, the NCOP and the Select Committee on Finance in the NCOP will then consider the Bill.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: German Firm Faces Payback Bill in South AfricaPrevious lucrative deals clinched by German software giant SAP in South Africa have returned to haunt the company. A proposal by a graft investigating agency could see SAP forced to repay millions of euros.
Read more »
South Africa is negotiating more green finance dealsSA has secured $8.5 billion (around R147 billion) in climate finance from some of the world’s richest countries. It is in talks with additional nations to help it cut reliance on coal, Environment Minister Barbara Creecy said. Moneyweb GreenEnergy
Read more »
Africa Live: South Africa to release man who wanted to spark racial war - BBC NewsPeace talks in the Kenyan capital aimed at stopping the conflict in eastern DRC have been postponed as clashes continue with rebels from the M23 group. More here 👉🏿
Read more »
Old Mutual launching new bank in South Africa in 2024Old Mutual reveals its plans to launch a bank in South Africa in 2024.
Read more »
New proposal for student loans in South AfricaThe South African government is looking to support students in collaboration with the private sector.
Read more »
Old Mutual to launch bank in South AfricaOld Mutual has revealed its plans to launch a new bank in South Africa next year.
Read more »