South Africa – Bungeni http://bungeni.org/ Sat, 01 Jan 2022 23:31:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bungeni.org/wp-content/uploads/2021/05/bungeni-icon-150x150.png South Africa – Bungeni http://bungeni.org/ 32 32 South Africa is going through a cycle, according to Klusener https://bungeni.org/2022/01/01/south-africa-is-going-through-a-cycle-according-to-klusener/ Sat, 01 Jan 2022 17:36:14 +0000 https://bungeni.org/2022/01/01/south-africa-is-going-through-a-cycle-according-to-klusener/

They called him Zulu, a member of the warrior clan. On the pitch he was really that, whether it was pushing the beaters around with speed or returning the ball to the far corners.

Starting his career as a quick shooter who could leave hitters with bruised limbs and a battered ego, Lance Klusener, after injuries, threw efficient cutters.

With the bat, he was a destroyer and a game changer. A true blue all-rounder, Klusener, now 50, was.

Talk to The hindu, Klusener felt that the current South African team are going through a cycle. “It’s cyclical, there are times when you’re on top, and then you rebuild. The great players have retired. Not easy to fill their shoes.

Klusener added: “In two years, when this South African team has more experience, it could be a very different team. “

Heavy workload

When asked why there are currently only a few true all-rounders in test cricket, Klusener replied: “Cricketers have to play three formats now and the workload can be heavy. This is probably the reason.

Asked about the current paced bowling allrounders he admired, Klusener said: “Ben Stokes and Hardik Pandya, if he can be injury free and play with pace.”

Kallis, the best

Klusener played exceptionally fast paced allrounder bowling. When asked who was the best, he observed: “Jacques Kallis without a doubt. He was an amazing hitter and a skillful pitcher with pace.

And who was the big hitter that the explosive Klusener admired the most? The South African replied: “MS Dhoni hit the ball hard. He’s probably not the toughest hitter of them all, but I liked the way he handled a chase, taking the game deep, running quickly between the wickets and throwing in the big punches just right. at the right time.

Klusener added: “It takes a lot of skill to do this.”

Sadly, Klusener was part of a moment that would forever haunt South African cricket.

He patted one on the ground and launched into the winning race of the 1999 World Cup semi-final against Australia and made his way, only to see the last man Allan Donald watch the ball, drop his bat and run away to the keeper’s wicket. ends with a tense climax filled with emotions.

“I want to forget about it. We haven’t had any luck in the ICC tournaments either. We were on the wrong side of the weather, lost on the run-rates. We have to win an ICC event to get rid of the monkey, ”Klusener said.

Talents in Afghanistan

He recently resigned as head coach of Afghanistan after taking office in 2019. “There is incredible talent there, and if there is consistency in the selection, there will be consistency in performance. “

Klusener is open to the work of coaching an IPL team. “I would love this challenge.”

Zulu has more to offer in the game.

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South Africa says its Omicron wave may have peaked and is lifting its curfews overnight a month after reporting the new variant https://bungeni.org/2021/12/31/south-africa-says-its-omicron-wave-may-have-peaked-and-is-lifting-its-curfews-overnight-a-month-after-reporting-the-new-variant/ Fri, 31 Dec 2021 05:57:59 +0000 https://bungeni.org/2021/12/31/south-africa-says-its-omicron-wave-may-have-peaked-and-is-lifting-its-curfews-overnight-a-month-after-reporting-the-new-variant/

Reported cases in South Africa have declined since reaching 162,987 on December 13.EMMANUEL CROSET / AFP via Getty Images

  • South Africa lifts nighttime curfews after saying its fourth wave of COVID-19 may have peaked.

  • Weekly confirmed cases nationwide soared to 162,987 after detecting the Omicron variant.

  • But COVID deaths in South Africa remained relatively low, with the weekly death toll peaking at 428.

South African authorities said on Thursday that the country’s fourth wave of COVID-19 may have peaked, just over a month after the country first reported the Omicron variant.

In response, the country is now lifting its nighttime curfew, which barred people from going out between midnight and 4 a.m., the South African cabinet said in a statement.

With the announcement, South Africa is now at its lowest of five COVID-19 alert levels, weeks after reporting the Omicron variant to the World Health Organization on November 24.

“Although the Omicron variant is highly transmissible, hospitalization rates have been lower than in previous waves,” the statement said, adding that the Omicron wave resulted in a “marginal increase” in deaths.

South Africa’s fourth wave peaked at 162,987 weekly confirmed cases on December 13, the highest number on record in the country, according to data from the World Health Organization. But despite the high number of cases, the number of reported weekly deaths peaked at 428, far below the peak of 4,027 weekly deaths reported in the country’s second wave in January and the peak of 2,812 weekly deaths reported in the third wave during the summer.

The Department of Health reported a drop of 29.7% to 89,781 new cases last week, from 127,753 new infections the week before.

The government said it made the decision “on the basis of the trajectory of the pandemic, immunization levels in the country and available capacities in the health sector.”

South Africa has so far fully immunized around 23.8% of its population, according to data compiled by Reuters.

Masks are still mandatory in the country, and it is a criminal offense not to wear masks where required, the cabinet said.

“Vaccination remains the best defense against serious illnesses, hospitalizations and deaths from COVID-19,” its statement said. “All people in South Africa who have not yet done so are encouraged to get the vaccine as soon as possible.”

Gatherings are still limited to 1,000 people indoors and 2,000 people outside with social distancing.

Earlier this week, Dr Anthony Fauci, chief medical adviser to the White House, said the latest wave of COVID-19 in the United States could subside by the end of January, basing his observation on the impact of Omicron in South Africa. Omicron remains the most common COVID-19 variant in the United States.

Read the original article on Insider

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South Africa’s e-commerce industry set to reach $ 7.9 billion by 2027 – ResearchAndMarkets.com | https://bungeni.org/2021/12/29/south-africas-e-commerce-industry-set-to-reach-7-9-billion-by-2027-researchandmarkets-com/ Wed, 29 Dec 2021 14:24:46 +0000 https://bungeni.org/2021/12/29/south-africas-e-commerce-industry-set-to-reach-7-9-billion-by-2027-researchandmarkets-com/

DUBLIN – (BUSINESS WIRE) – December 29, 2021–

The report “South Africa Ecommerce Market Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Business Analysis of Opportunities” has been added to the report. offering from ResearchAndMarkets.com.

According to this report, the e-commerce market in South Africa will reach $ 7.9 billion by 2027, up from $ 4.5 billion in 2021.

Companies mentioned

  • Take a lot
  • Superbalist
  • Woolworths
  • Amazon
  • MRP

Over the years, e-commerce has been one of the components of the more complete digital transformation (or digitization) of the economy in South Africa.

E-commerce is primarily deployed across various business models, including business-to-business (B2B), business-to-customer (B2C), client-to-customer (C2C), and client-to-business (C2B ). These South African platforms offer several advantages over conventional brick and mortar solutions, such as inventory cost, control, improved profit margins, numerous discounts, and hassle-free delivery of goods and services. The increase in online shopping in South Africa presents an exciting growth opportunity for retailers, manufacturers and wholesalers.

In 2020, there were over 18 million online shoppers in South Africa

The increasing penetration of smart devices and increasing internet connectivity have led to e-commerce platforms. Apart from this, the increasing integration of e-commerce platforms with various advanced technologies, such as cloud computing, artificial intelligence, predictive analytics, etc., also boosts the growth of the e-commerce market. in South Africa. According to our research results, in 2020, there were over 18 million e-commerce users in South Africa, with over 6 million additional users shopping online.

South Africa’s e-commerce market was US $ 4.5 billion in 2021

E-commerce platforms have been widely adopted across various industries in South Africa, such as toys, hobbies and DIY, furniture, food and personal care, fashion and electronics, and media. Fashion is the main category of products, accounting for more than double the revenue generated by any category with the second category of products for toys, hobbies and DIY. Clothing, home appliances, electronics, footwear and health products are the most popular categories among South African online shoppers.

Moreover, the South African e-commerce platform is the most popular fashion shopping app. Fashion business houses are posting their products on e-commerce websites and social media sites, attracting more and more buyers. Online media help fashion houses get their products across South Africa with a minimum investment of money.

Impact of Covid-19 on the e-commerce industry in South Africa

E-commerce is one of the few industries that has seen increased interaction with consumers in the context of COVID-19. In South Africa, online shopping has been in high demand due to the 2020 lockdown. These door-to-door or door-to-door orders have highlighted the value of e-commerce as consumers are forced to stay at home and find others. ways to shop digitally. purchases in South Africa.

South Africa’s e-commerce industry is expected to grow with a CAGR of 9.83% from 2020 to 2027

Based on the payment method, various digital payments such as bank transfers, cards, cash on delivery (COD), drop shipping and e-wallet are increasingly popular in South African countries. Credit cards and debit cards are the most preferred payment methods. Consumers also use e-wallet and EFT services for online payment. The electronic wallet allows customers to receive, store and spend money using a mobile phone, even without internet access. However, another standard payment method is drop shipping, which indicates that users pay for their order on delivery. In economies with low credit card infiltration and less confidence in digital payments made up-front, drop shipping has become the most accepted form of payment.

Main topics covered:

1. Introduction

2. Research methodology

3. Executive summary

4. Market dynamics

4.1 Growth drivers

4.2 challenges

5. South Africa e-commerce market

6. Analysis of e-commerce in South Africa

6.1 Online buyer numbers

6.2 Online shoppers penetration

7. Market share – South Africa e-commerce market

7.1 By type

7.2 By payment method

8. Type – South Africa e-commerce market

8.1 Toys, hobbies and crafts

8.2 Furniture

8.3 Nutrition and personal care

8.4 Mode

8.5 Electronics and media

9. Method of payment – South Africa e-commerce market

9.1 Bank transfer

9.2 Cards

9.3 Cash on delivery (COD)

9.4 Direct delivery

9.5 Electronic wallet

9.6 Others

10. Five Forces Carriers

10.1 Overview

10.2 Bargaining power of buyers

10.3 Bargaining power of suppliers

10.4 Degree of competition

10.5 Threat of new entrants

10.6 Threat of substitutes

11. Business analysis

For more information on this report, visit https://www.researchandmarkets.com/r/jlqxqe

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211229005272/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Director

press@researchandmarkets.com

For EST office hours, call 1-917-300-0470

For USA / CAN call toll free 1-800-526-8630

For GMT office hours, call + 353-1-416-8900

KEYWORD: AFRICA SOUTH AFRICA

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL INTERNET RETAIL

SOURCE: Research and markets

Copyright Business Wire 2021.

PUB: 12/29/2021 9:24 a.m. / DISC: 12/29/2021 9:24 a.m.

http://www.businesswire.com/news/home/20211229005272/en

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South Africa vs India: Aakash Chopra predicts the winner of the test series https://bungeni.org/2021/12/26/south-africa-vs-india-aakash-chopra-predicts-the-winner-of-the-test-series/ Sun, 26 Dec 2021 03:07:20 +0000 https://bungeni.org/2021/12/26/south-africa-vs-india-aakash-chopra-predicts-the-winner-of-the-test-series/

SA vs IND: Aakash Chopra predicts Test Series winner© Instagram

Former Indian team player Aakash Chopra has spoken about the upcoming South Africa vs India test round and also predicted his winner. Speaking on his YouTube channel, Chopra pointed out some reasons why the Indian team might struggle to win their first round of tests against the Proteas in their lair. He gave India a 49% chance of winning the series against South Africa‘s 51%. He went on to say that if the series didn’t end in a draw, South Africa could very possibly be the winner.

“It’s going to be interesting but I think it could be a draw. 51 percent from South Africa, 49 percent from India. That’s what I’m thinking right now. If a team wins, I think. that it will be South Africa, “he said.

Chopra explained how South Africa’s chances of claiming the series were reduced after the exclusion of race leader Anrich Nortje.

“I don’t see India winning this right now, I mean it’s difficult. I would have said 2-1 for South Africa if Nortje played. Nortje is not there; I say that this series can end again at 1-1. There is a chance of a test draw, the first test could be in slight difficulty due to the rain, “he added.

Chopra said the South African squad is a work in progress and is still in a transitional phase, following the retirement of some of its seniors.

Promoted

“It’s not that the South African team are flying high. I think they are starting to regroup very well. The World Cup has shown they have the players, where things fall into place. but it’s still a team in transition, ”he said.

The first test is scheduled to start from December 26 at Centurion’s SuperSport Park.

Topics mentioned in this article

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Top 5 performances of Indian bowlers in tests in South Africa https://bungeni.org/2021/12/24/top-5-performances-of-indian-bowlers-in-tests-in-south-africa/ Fri, 24 Dec 2021 02:53:03 +0000 https://bungeni.org/2021/12/24/top-5-performances-of-indian-bowlers-in-tests-in-south-africa/

India and South Africa are set to meet in the three-game Test Series, with the first game starting this Sunday at Centurion’s SuperSport Park. The Indian team has never won a Test Series in South Africa and the upcoming series is their eighth Rainbow Nation tour. The Indian team may not have managed to win a series in South Africa, but there were many memorable performances by the touring team against the Proteas. From S Sreesanth’s masterclass in 2006 to Jasprit Bumrah’s emergence in Test cricket in 2018, India has witnessed superb bowling performances in South Africa.

Ahead of India’s highly anticipated eighth tour of South Africa, let’s take a look at the top 5 performances of Indian bowlers:

Sreesanth – 5/40 & 3/59 Johannesburg, 2006

No one can forget the brilliance of S Sreesanth in 2006 when India claimed its first Test victory in South Africa. The Indian team led by Rahul Dravid beat South Africa by 123 points in the series opener at Wanderers Stadium in Johannesburg. After scoring 249 points in the opening innings, the visitors regrouped the Proteas for 84 points thanks to a top-notch bowling performance from Sreesanth who picked 5 wickets in the opening innings followed by three wickets in the second.

Jasprit Bumrah – 5/54 & 2/57 Johannesburg, 2018

Even after a good overall performance on the pitch, India lost the first two Tests of the three-match series. It was India’s first loss in the Test Series after the 2014/15 Australian tour. However, India managed to win the last game of the series. Jasprit Bumrah, who was playing his first round of tests, had chosen 7 wickets in the test, including a transport of five wickets in the first rounds.

It was Bumrah’s first five-wicket run in tryout cricket and since then he has played 24 practice matches and picked up 101 wickets. The playmaker will also spearhead India’s bowling attack in the upcoming round.

Harbhajan Singh – 4/10 & 2/70 Durban, 2010

On the 2010 tour of South Africa, Indian spinner Harbhajan Singh was at his best. The off-spinner picked 4 wickets giving just 10 points in the opening innings of the second test game of the three-game series. South Africa were knocked out by 131 points in the opening innings and they scored just 215 points in the second inning in their pursuit of 302. India won the test match by 87 points and it s This was his second victory in South Africa. Harbhajan also picked two wickets in the second inning and all of his wickets arrived at crucial times.

Harbhajan Singh also had the best bowling tricks of an Indian bowler in South Africa when he came back with the numbers of 7/120 in the opening innings of the third Test of the same series.

Anil Kumble – 2/60 & 6/53 Johannesburg, 1992

It was the first Test tour from India to South Africa and the first Test ended in a draw. The second test also ended in a draw, but Anil Kumble showed some of his skill with the ball on a pitch for fast bowling. Kumble picked six wickets in the second set and also two in the first.

It was also the first round of testing for South Africa at home after the ban was lifted by ICC.

Promoted

Javagal Srinath – 6/76 & 2/28 Port Elizabeth, 2001

After losing the series opener in Bloemfontein, the Indian team managed to save the second round of the series in Port Elizabeth. Herschelle Gibbs scored 196 points in the second test, but this game is also known for India’s 6/76 magic spell Javagal Srinath which kept India’s hope of pulling the streak alive. Srinath also picked two wickets in the second inning, but the game ended in a draw.

Topics mentioned in this article

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Rising Stars to add finishing touches to World Cup series in South Africa | Sports https://bungeni.org/2021/12/22/rising-stars-to-add-finishing-touches-to-world-cup-series-in-south-africa-sports/ Wed, 22 Dec 2021 05:07:26 +0000 https://bungeni.org/2021/12/22/rising-stars-to-add-finishing-touches-to-world-cup-series-in-south-africa-sports/

ST JOHN’S, Antigua (CMC):

Finalizing roles and improving situational awareness will be a priority for West Indies Under-19 head coach Floyd Reifer as his team take on South Africa’s Under-19s in a four-game series in Saint Vincent and the Grenadines on Boxing Day. .

The series, comprising more than 50 matches, will be played at Arnos Vale Stadium and Cumberland Playground, with fixtures also on December 28, December 30 and January 3.

And Reifer said the tour would be essential in helping the Rising Stars put the finishing touches on their preparation for the start of next month’s International Cricket Council Under-19 World Cup in the Caribbean.

“It’s great for us to have these games as part of the preparation for the World Cup,” said Reifer.

“We are really looking forward to this series against South Africa as we are at a point where it is important for the team to play together, to see players in various roles, to see how they react to situations and to how well they execute the plans we put in place.

The West Indian Under-19s have spent the past six months intensively preparing for the ICC Under-19 World Cup January 14 to February 5 for Antigua and Barbuda, Trinidad and Tobago, Saint Kitts -and-Nevis and Guyana.

The hosts will face off in Group D alongside Australia, Sri Lanka and Scotland.

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of South Africa and 30 years of Eden found | Locust https://bungeni.org/2021/12/20/of-south-africa-and-30-years-of-eden-found-locust/ Mon, 20 Dec 2021 16:50:50 +0000 https://bungeni.org/2021/12/20/of-south-africa-and-30-years-of-eden-found-locust/ “It was unthinkable that a South African plane in November 1991 would take a South African cricket team, some of its sponsors and supporters, over India and touching the base in Calcutta. It was unheard of.

On the other end of the line, Dr Aron ‘Ali’ Bacher talks about Johannesburg, gushing from that ODI in Kolkata on November 12, 1991. It was a close match where Allan Donald announced himself with 5/29 ahead of Sachin Tendulkar (62) and Pravin Amre (55) guided India to a three-wicket victory in a low-scoring thriller.

It’s not the game itself that makes this date so special. It was the culmination of smart cricket policy with a touch of diplomacy, making this India-South Africa series one of the brightest shots in team sport history. It was ironic too. India was the first country to withdraw recognition from South Africa when the ruling National Party launched apartheid in 1948. But in 1991, the Indian Cricket Council proposed its return to cricket and ensured South Africa’s return to international sports the same year.

A pioneering cricket administrator, Bacher had just led South Africa to a 4-0 home victory over Australia in 1970 when international tours were halted. He joined the South African Cricket Union (SACU) which administered white players and first class cricket. The South African Cricket Board (SACB) represented colored cricket and black cricket. As an administrator of SACU, Bacher organized several rebel tours in South Africa by teams from England, the West Indies, Australia and Sri Lanka. But never India or Pakistan. So when South Africa was readmitted after the union of their boards of directors in June 1991, Bacher began testing the waters of the subcontinent for probable tours.

“We went to Sri Lanka first, then to Pakistan, then we went back to Mumbai. When we landed in Mumbai the headline was “Pakistan Pulls Out of India Tour”. Pakistan were scheduled to tour India next week in October for a five-game ODI series.

Jagmohan Dalmiya, who was instrumental in proposing South Africa’s reinstatement to the International Cricket Council (ICC) as BCCI secretary, sensed an opportunity. “He said to us, ‘Look, guys. I want you to approach India in a week. South Africa’s first match will take place in Calcutta. ‘ Dalmiya even took us to meet the Chief Minister of West Bengal, Jyoti Basu, who wanted us to replace Pakistan.

But Bacher wanted to check with other stakeholders. There was some hesitation, especially on the part of Percy Sonn, who later became the first African to become ICC president. “So I called Steve Tshwete, one of the main members of the ANC (African National Congress), and told him about the invitation from India,” Bacher explains. “He spoke to Percy for about 20 minutes. After hanging up the phone, Percy said “We’re going to India.” To this day, I don’t know what Steve said to Percy.

Interestingly, when the United Cricket Board of South Africa (UCBSA) met on Sunday, black members were in favor of continuing the tour, but not white representation. The majority prevailed. However, at that point Madhavrao Scindia, the president of BCCI and the man in charge of securing the diplomatic green light to support South Africa’s readmission to international cricket, faced a different problem.

“On Monday morning, Scindia called me,” Bacher says. “He said there is great happiness in India but we might have a problem if you send an all-white team. So I called our manager of the coaches. I said ‘I want you to choose. four young cricketers who could one day play for South Africa — two white, two black. They won’t play, but they will be part of the practices and the nets on the pitch. One of them was Hansie Cronje .

Between Monday and Thursday, Clive Rice, 43, was named head of a predominantly white South African team, National Panasonic stepped in as a sponsor with a check for Rand 250,000 and the logistics were sorted out before the deadline. departure from South Africa. “It’s so hard to describe the excitement from the outside,” Bacher says of when South Africa landed in Calcutta. “We drove from the airport to the hotel and expected there would be around 100,000 people to greet South Africa. The bus was stopping at some places, I said a few words to the crowd, then Clive said a few words.

South Africa trained in front of curious eyes on Friday and Saturday before Mohammad Azharuddin and Rice stepped out for the draw on Sunday morning. Standing in the middle of the ground, Rice said, “I know how Neil Armstrong felt when he stood on the moon.

Bacher remembers the exact moment he saw Andrew Hudson and Jimmy Cook come out at bat. “One look at Andrew and I was like ‘The first bullet on his wickets and he’s out’. You could see the stage fright. I was right! Kapil took him out in the first round. This match also sparked a revolution in the broadcasting of cricket in the subcontinent. Upon arriving in Calcutta, Bacher learned that Doordarshan never used to pay BCCI broadcast fees to broadcast cricket in India. “I said to Dalmiya, ‘This is history on the move. I will give you a quarter of a million rand to organize this broadcast in South Africa ”. His eyes popped. He couldn’t believe it. At that point, he realized how Indian cricket had been under-sold for decades. “

Thirty years after that match, India reaffirmed its commitment to South Africa by continuing a tour despite warnings of a more contagious variant of Covid-19. The tour could not have come at a more trying time, days after a Social Justice and Nationbuilding Commission (SJN) determined that Cricket South Africa (CSA) had engaged in discrimination racial, the most prominent of which are former captain and current manager Graeme Smith, current head coach Mark Boucher and former captain AB de Villiers.

Administratively, no one has dealt with racism in cricket as much as Bacher. “The players, referees and administrators were divided (along racial lines). The whites had the best of everything while the blacks had the worst. When he organized these rebel tours in the 1980s, Bacher said he didn’t know how his compatriots felt. “I thought apartheid would be here for the rest of my life and therefore cricket would be isolated. Obviously, I was wrong.

For the first time in 1989, when Mike Gatting was leading a rebel tour, peaceful protests were allowed. “In the early 1980s, if there were demonstrations outside the ground, the police locked them in jail. So these games that were supposed to be peaceful, I now know why, ”Bacher explains.

1989 was a revelation. “It really touched me. If I had known the great antagonism of the majority of South Africans about these tours, I think I would have thought twice. All I would say is that I am very confident about the recent developments in South Africa. I just hope we don’t end up with the polarization of South African cricket, white versus black and black versus white.

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South Africa to donate 2 million J&J COVID-19 vaccines to African countries https://bungeni.org/2021/12/17/south-africa-to-donate-2-million-jj-covid-19-vaccines-to-african-countries/ Fri, 17 Dec 2021 05:48:00 +0000 https://bungeni.org/2021/12/17/south-africa-to-donate-2-million-jj-covid-19-vaccines-to-african-countries/

A health worker administers the Johnson and Johnson coronavirus disease (COVID-19) vaccine to a woman in Houghton, Johannesburg, South Africa, August 20, 2021. REUTERS / Sumaya Hisham / File Photo

JOHANNESBURG, Dec. 17 (Reuters) – South Africa announced Friday that it will donate around 2 million doses of the COVID-19 vaccine from Johnson & Johnson (JNJ.N) to other African countries.

The injections will be available over the next year through a medical supplies platform set up by the African Union (AU).

“This donation embodies South Africa’s solidarity with our brothers and sisters on the continent with whom we stand united to fight an unprecedented threat to public health and economic prosperity,” the South African government said in a statement. joint statement with AU task force on vaccines.

AU COVID-19 envoy Strive Masiyiwa said the 2,030,400 donated doses will be distributed to the lowest-income countries as quickly as possible.

South Africa has fully immunized about 38% of adults, more than in many other African countries but well below the government’s year-end target. He recently delayed some vaccine deliveries due to oversupply as the pace of inoculations slowed. Read more

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Reporting by Alexander Winning; Editing by Michael Perry

Our Standards: Thomson Reuters Trust Principles.

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South Africa: Parliament passes four bills https://bungeni.org/2021/12/15/south-africa-parliament-passes-four-bills/ Wed, 15 Dec 2021 14:31:08 +0000 https://bungeni.org/2021/12/15/south-africa-parliament-passes-four-bills/

The National Council of Provinces (NCOP) adopted four bills at its plenary meeting today, namely the Financial Sector Law Amendment Bill, the National Forest Law Amendment Bill , the draft law amending national laws on environmental management and the draft law amending the draft law on civil aviation.

The Financial Sector Law Amendment Bill is part of the Financial Sector Regulation Act 2017 (FSRA) or “Twin Peaks”, regulatory reforms introduced in 2011, which cover the conduct and transformation of the sector. financial. The main objective of this bill is to deal with banking risks, failures and weaknesses and to mitigate the impacts of the financial crisis. More importantly, it aims to fill gaps in current financial legislation, made necessary in part by lessons learned from the 2008/09 global financial crisis and national experiences, and to strengthen the financial stability mandate of the Bank of South African Reserve (SARB) and to expand its objective of protecting depositors.

Among other things, the bill proposes the introduction of a new Chapter 12A to the LSRA, which will establish a framework for the resolution of designated institutions and a deposit insurance regime. This aims to create a resolution framework to ensure that the impact of a failure of a bank or systemically important financial institution is managed in an orderly manner. The bill also proposes that the resolution process take place under the direction and control of the SARB, which will be the resolution authority. It further proposes the creation of a deposit insurance scheme, which includes a deposit insurance company and a deposit insurance fund, as well as the creation of a hierarchy of creditors to ensure the protection of depositors. in the event of liquidation and compliance with “no worse creditor extinguished”.

The Special Finance Committee facilitated an extensive public consultation process on the bill and found it to support the goals of the FSRA, to which the current FSLAB reports. The report states that these objectives are aimed at maintaining the stability of the financial system; maintain the strength of regulated financial institutions; protect consumers of financial products and services; increase access to financial products and services; and fight against market abuse and financial crime.

The report further states that the results of these goals are expected to benefit society at large, including retail financial clients; financial institutions and their shareholders; poorest households; small, medium and micro enterprises (SMMEs) and rural development programs. A copy of the report is available here (from page 128).

The NCOP has also passed national laws on forestry, environmental management, and civil aviation. These three legislative texts are part of the bills initially tabled during the fifth legislature and taken up by the National Council of Provinces during the sixth legislature.

The bill amending the National Forests Bill was before the Special Committee on Agrarian Reform, Environment, Mineral Resources and Energy. The committee facilitated broad public participation in the bill, including calls for written submissions and public hearings held by provincial legislatures.

The bill aims, among other things, to amend the National Forests Act of 1998 to provide clear definitions of forests and woodlands and public ownership of these spaces in order to increase the promotion and enforcement of forest and woodland land. sustainable forest management; and to control and remedy deforestation.

Among the major changes approved are the new definitions of “destruction of a natural forest” in the sense of “any action by which one or more trees in a natural forest are felled or killed, or the undergrowth removed, for any purpose. land use or resource use ”and“ wooded forests ”, which now means“ a group of native trees that are not natural forests, but whose crowns cover at least 5% of the area that they occupy, and which may, in a degraded state, have a crown cover of less than 5%; or any type of vegetation declared wooded by the Minister by notice in the Official Journal. A copy of the report is available here (from on page 2).

The NCOP also passed the National Environmental Management Law Amendment Bill, which was before the Special Committee on Land Reform, Environment, Mineral Resources and Energy. The bill seeks to amend a number of provisions to clarify issues and text changes that fall under various related laws, such as the National Environmental Management Act of 1998; the 2003 law on national environmental management: protected areas; national environmental management: 2004 biodiversity law; and the National Environmental Management: Air Quality Act of 2004, to name a few. The committee consulted widely on the bill, including calls for written submissions and the facilitation of public hearings, which were held by provincial legislatures. A copy of the report is available here (from page 165).