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April 2018

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R500M INCENTIVE FOR METALS ENGINEERING SECTOR

Trade and industry minister Rob Davies has announced the establishment of the metals and engineering incentive aimed at stimulating investment in the sector.The minister said this when he briefed the media ahead of tabling the department’s Budget Vote debate on Tuesday afternoon.

Read more: R500M INCENTIVE FOR METALS ENGINEERING SECTOR

UNCONSTITUTIONAL SUBDIVISION RESTRICTION THE MAJOR OBSTACLE TO RAPID LAND REFORM

If the constitutionality of the Subdivision of Agricultural Land Act (Act 70 of 1970) was challenged in the Constitutional Court it would likely lead to the repeal of the subdivision restriction on farmland. This would make small farms much more affordable in South Africa. It would also drive large-scale land reform through the free market as land is inexpensive in South Africa. These cheap land prices are currently only available to wealthy South Africans who can purchase large farms. Small and medium-sized farmers are paying artificially higher prices per hectare, due to the subdivision restriction making smaller parcels of farmland artificially scarce. South Africa is virtually the only liberal democracy in the world that restricts the subdivision of farmland.

Read more: UNCONSTITUTIONAL SUBDIVISION RESTRICTION THE MAJOR OBSTACLE TO RAPID LAND REFORM

#AfricaMonth: Living African laboratories

As a key market and potential innovator, Africa is poised for rapid adoption, skipping generations of inherited ideas and practices to emerge as an early adopter for innovative solutions that take cognisance of the unique African context. Tapping into this market and laying down infrastructure, physical or digital, takes insider knowledge and trust on the ground. Adopted globally as an experimental practice for contextual product development, the ‘living lab’ enables new ideas to be tested in an active, real-world, real-time environment. 

Read more: #AfricaMonth: Living African laboratories

SA LEFT DISAPPOINTED AS US DENIES STEEL TARIFF EXEMPTION

South Africa has expressed disappointment at not being granted exemption from the US Section 232 steel and aluminium tariff duties. On Monday, 30 April, US President Donald Trump signed proclamations granting permanent country-exemptions to a select number of countries and extended by one month the Section 232 steel and aluminium tariff duty exemptions for some.

Read more: SA LEFT DISAPPOINTED AS US DENIES STEEL TARIFF EXEMPTION

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