SA FALLS TO 56th PLACE ON GLOBAL COMPETIVENESS RANKINGS 2014 – WEF

South Africa continues its downward trend and falls to 56th place this year, third among the BRICS economies. South Africa does well on measures of the quality of its institutions (36th), including intellectual property protection (22nd), property rights (20th), the efficiency of its legal framework in challenging and settling disputes (9th and 15th, respectively), and its top-notch accountability of private institutions (2nd)

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U.S. MAY ALLOW SOUTH AFRICAN CITRUS FROM BLACK SPOT-INFESTED AREAS

As South African citrus exporters continue to face challenges in Europe to meet strict rules over citrus black spot (CBS), they may have a new market outlet in the future thanks to fresh proposals from the United States.

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DA TO FIGHT FOR VAT CONCESSION IN AGRI-SECTOR

The DA will seek a meeting with Treasury representatives and the Acting Commissioner of the South African Revenue Service (SARS) ,Ivan Pillay, to discuss Treasury’s proposal to do away with value-added tax (VAT) concession for the agricultural sector through the Taxation Laws Amendment Bill.

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MINISTERS DIVIDED ON LABOUR LAWS

Johannesburg – Ministers in President Jacob Zuma’s cabinet are not speaking with one voice on whether South Africa should change its labour legislation to help mend the country’s failing industrial relations.

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ZUMA SIGNS LRA ACT INTO LAW – PRESIDENCY

Statement issued by Mac Maharaj, The Presidency, August 17, 2014

Law seeks to respond to increased informalisation of labour, ensure vulnerable groups are adequately protected

President Zuma assents to the Labour Relations Amendment Act

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NUWE VERGOEDINGSDREMPEL VIR WET OP BASIESE DIENSVOORWAARDES

Ons herinner werkgewers daaraan dat die vergoedingsdrempel waarvolgens bepaal word watter werkers buite die bestek van sleutelbepalings (art 9, 10, 11, 125, 14, 15, 16, 17(2), 18(3)) van die wet op Basiese Diensvoorwaardes val, deur die Minister van Arbeid met ingang van 1 Julie 2014 verhoog is tot R205 433.30 per jaar (voorheen R193 805 pj)

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