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Tag Archives | Bill

law

The Cybercrimes Bill – One step away from becoming law

The National Council of Provinces approved the Cybercrimes Bill on 1 July 2020. The objectives of the Bill include: ● The creation of offences and imposing sanctions that have an impact on cyber-crime; ● criminalizing the distribution of harmful data messages and providing for interim protection orders; ● further regulation of cyber-crime jurisdiction. Law firm Cliffe Dekker […]

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purchase

Safety net bill introduced – Provides guidelines on how to deal with a failing bank

Cabinet has approved the tabling of the Financial Sector Laws Amendment Bill, 2020, in Parliament. According to Treasury, the Bill is part of the Twin Peaks reform of the financial regulatory system applicable to the financial sector. “The first part of the Bill introduces a comprehensive framework for resolving all banks as well as non-bank […]

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NHIbill

Have your say on the NHI bill

The Portfolio Committee on Health has called on interested individuals and relevant stakeholders to submit written comments as well as indicate interest in making an oral submission on the National Health Insurance Bill [B11 – 2019]. “The objective of the Bill is to achieve universal access to quality health care services in South Africa in […]

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debts

National Credit Amendment Bill – Why the banks are concerned

Last week, President Cyril Ramaphosa signed the controversial National Credit Amendment Bill into law. In short, the legislation will provide debt relief for consumers who earn R7 500 per month or less and have unsecured debt amounting to R50 000 by suspending the debt in part or in full. The Bill has specifically been criticised by the […]

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health-care

National Health Insurance Bill – Controversy or agreement?

On Thursday, Health Minister Zweli Mkhize released the much-awaited National Health Insurance (NHI) bill in Pretoria. He said that it is expected to be fully functional in South Africa by 2026. The Health Department said the bill promised to create a healthier population with benefits to foreign nationals, inmates and refugees. In his speech he […]

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Bill

COFI Bill – Aims to strengthen regulation customer treatment and general market conduct

The Conduct of Financial Institutions Bill (COFI) intends to regulate how the financial services industry treats its customers. The Bill was published by the Minister of Finance in December 2018 and was open for public comment until 1 April 2019. COFI Bill and the reform process The COFI Bill is part of the Twin Peaks reform process underway […]

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