Press Releases

Press Releases

PRESIDENT ZUMA SIGNS FICA BILL INTO LAW

29 APRIL 2017

President Jacob Zuma has signed the Financial Intelligence Centre Amendment (FICA) bill into law.

The Financial Intelligence Centre Amendment Act, assented by the President, amends the Financial Intelligence Centre Act, 2001. The 2001 Act and other related Acts aim to combat money laundering and the financing of terrorism.

The President is now satisfied that the Act addresses the constitutional concerns he had raised about warrantless searches.

These amendments to the Financial Intelligence Amendment Act further strengthen the transparency and integrity of the South African financial system in its objectives to combat financial crimes, which include tax evasion, money laundering and the financing of terrorism and illicit financial flows. The amendments also make it harder for persons who are involved in illegitimate activities or tax evasion to hide behind legal entities like shell companies and trusts.

Measures to strengthen anti-money laundering and the combating of terrorist financing regulatory framework in the Amendment Act include-

· requiring the identification of beneficial owners to prevent natural persons from misusing legal entities for nefarious purposes like evading tax;

· enhancing the customer due diligence requirements that will ensure that entities fully understand the nature and potential risk posed by their customers;

· providing for the adoption of a risk based approach in the identification and assessment of money laundering and terrorist financing risks, and assist in making customer compliance easier;

· providing for the implementation of the United Nations Security Council Resolutions relating to the freezing of assets relating to persons associated with terrorism;

· safeguarding information in line with the Protection of Personal Information;

· providing for inspection powers for regulatory compliance purposes in accordance with the Constitution; and

· enhancing certain administrative and enforcement mechanisms.

The Amendment Act sends a strong message about South Africa’s commitment to combating financial crime, protecting the integrity of our financial system and our tax base, and remaining part of the global financial system. They further demonstrate South Africa’s membership commitments to the Financial Action Task Force and United Nations.  

 

Enquiries: Dr Bongani Ngqulunga on 082 308 9373 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Issued by: The Presidency

Pretoria

www.thepresidency.gov.za

Address by President Jacob Zuma during the Launch of the Maluti-a-Phofung Special Economic Zone, Harrismith, in the Free State province

25th April 2017

Minister of Trade and Industry, Dr Rob Davies,

Premier of the Free State Province, Mr Ace Magashule,

MEC for Economic and Small Business Development, Tourism and Environmental Affairs, Dr. Benny Malakoane and all MECs present,

Executive Mayors and councillors,

Chairperson of the Special Economic Zones Advisory Board, Dr Julian Naidoo and members,

Business Executives

Dumelang, sanibonani, molweni,

I am delighted to join you as we launch the Maluti-a-Phofung Special Economic Zone here in Tshiame within the Maluti-a-Phofung Local Municipality.

This is a special development which forms part of our conscious efforts of creating economic development and growth opportunities closer to where our people live.

This we do through promoting industrialization and also the development of township and rural economies.

Government and the governing party are fully committed to pursuing and implementing a programme of radical economic transformation.

One of the critical components of this radical economic transformation is the notion of a balanced regional economic and industrial development.

For a very long time, South Africa’s economy has and continues to rely on the regional industrial hubs of Gauteng, eThekwini-Pietermaritzburg and the Cape Peninsula.

These regions collectively account for about 70% of the nation’s Gross Value Add. Many other regions were completely neglected with the result that their development potential was severely constrained.

Many of these regions now lack the critical ingredients for long term economic and industrial success, such as industrial infrastructure, world class higher education and technical institutions, research and development, roads and rail links, and others.

While the Special Economic Zones Programme may not immediately bring all these ingredients to these regions, it is an important catalytic programme that allows us to take the first steps.

The Special Economic Zones and Industrial Parks programme is critical to our efforts of radically transforming our economy.

Through the Special Economic Zones Programme, South Africa also continues to play an important role in the attraction of foreign and domestic direct investment into the economy.

To date, eight Special Economic Zones, including the old Industrial Development Zones, have been designated across the country.

These are Coega and East London IDZs in the Eastern Cape, Dube TradePort and Richards Bay IDZs in KwaZulu-Natal, OR Tambo IDZ in Gauteng, Saldanha Bay IDZ in the Western Cape, Maluti-a-Phofung IDZ in the Free State, and Musina-Makhado SEZ in Limpopo.

We are thus very happy to be launching this critical project just two months after announcing it in the State of the Nation Address reply.

The launch of this Special Economic Zone is significant in many ways.  Firstly, it is for the very first time that government develops a Special Economic Zone in an area that was once part of the apartheid era Bantustan Industrial Parks.

These Industrial Parks were introduced not so much because of economic potential but merely to sustain the apartheid system of separate development. They wanted to keep black people far away from the city centres which had to be kept for white people, with black people coming to supply labour only.

Government has intervened here because we are convinced of the long-term economic potential of this region.

Secondly, this launch and the development of the Maluti-a-Phofung SEZ demonstrates our promotion of industrial development which is key to the nation’s long-term economic success and prosperity.

We want to change the way our economy is structured currently. Our current reliance on exporting minerals and other raw materials   to other countries is a sure recipe for an economy that enriches the few at the expense of the majority.  This, of course, will just deepen the already high levels of inequality in our society.

The Special Economic Zones Programme is therefore very important to our economic development goals.

Already, through the SEZ Programme, government has attracted over nine billion rand worth of investments in all designated zones across the country.

We will work harder to ensure that key growth points and regions become centres of industrial competence.

The radical economic transformation programme also requires increasing the participation of Black Industrialists and Entrepreneurs in key value chains and industrial sectors of our economy.

The majority cannot continue to rely on the skills and know-how of the minority, even though these are very important and needed in the economy.

The majority cannot just limit their dreams and aspirations to being workers. The shackles of economic subjugation have long been broken.

The majority must increasingly produce innovators, investors, entrepreneurs, industrialists, and many other forms of economic value addition.

This is not to say the contribution of the minority is not valuable, but rather that the economic cake can only be bigger and better if our globally competitive industrial economy is built on the full potential of all the country’s citizens and regions.

The launch of the Maluti-a-Phofung Special Economic Zone should also remind us of the importance of strong partnerships between the public and private sectors.

Government understands and appreciates the role of the private sector as an investor, innovator, trader, creator of jobs, and so on, and understands what the private sector requires to prosper and compete globally. 

Government is also willing to play its part as a reliable, supportive and responsive partner.

It is for this reason that government introduced the Special Economic Zones Programme, launched the One Stop Shop through Invest South Africa, works to improve energy security, revitalises the Old Industrial Parks, and continues to implement many other critical initiatives.

We are committed to making it easier and easier to do business in South Africa.

Through the applicable 15% corporate tax rate, government will reduce your tax burdens. Through the Customs Control Area facility, the South African Receiver of Revenues will make it easier and a little cheaper for you to trade.

Through the provision of bulk and top infrastructure, the Department of Trade and Industry will build world class facilities for you to do business. Through the One Stop Shop, you will access various government services in one place.

To local and international investors; we declare to you today that this facility called the Maluti-a-Phofung SEZ is open for business.

We encourage you to partner with and integrate the local small businesses into your key value and supply chains.

I am quite certain that this makes good business sense. In this regard, we need to appreciate the initiative of Distell to develop an agro-processing cluster in this region.

This cluster will include emerging farmers who will be assisted to produce quality apples to be used as inputs for beverages produced by Distell. Various government departments will work with Distell and its partners to ensure that this initiative is a success.

Ladies and gentlemen

This is not just a launch of the Maluti-a-Phofung Special Economic Zone, but also a rekindling of dreams.

It is the rekindling of dreams of many unemployed people who are looking for job opportunities so they can provide for their families, and that they do not need to commute in the darkness of night and for many hours to go to and from work.

Dreams of young people who wish they do not have to move to Gauteng and other regions for quality school and university education.

But that these services will be available in their own region.

These are dreams of local entrepreneurs and industrialists looking for the right industrial infrastructure, looking for the right facilities and space so they can produce much-needed goods and services.

Dreams that they can produce and supply global markets right from the land of their birth, at globally competitive prices.

Dreams of regional leaders who are looking forward to the transformation of their region from unproductive villages to world class settlements and towns and cities.

To all who have such dreams, this government hears you and is here for you. This government will partner with you until you reach your full potential.

Through the Maluti-a-Phofung Special Economic Zone, various government agencies will provide or facilitate critical services.

To the local communities - these are your facilities. Look after them and protect them from destruction and improve them.

Future generations do not have to start from scratch, but must find that this generation has invested in their dreams.

We wish to congratulate the Premier and the government of the Free State Province for initiating the Maluti-a-Phofung Special Economic Zone.

We also thank Minister Davies, Department of Trade and Industry and the Special Economic Zones Advisory Board for working hard to make this  development possible.

We thank the business community for working with government to and with continued cooperation, this project will be a major success.

We encourage all of you to continue to work together so that the full potential of the project can be fully realised.

It is my pleasure to declare Maluti-a-Phofung Special Economic Zone project officially opened!

I Thank you

Issued by The Presidency

Pretoria

www.thepresidency.gov.za

 

President Zuma sends condolences to Portugal following former President Mário Soares’ death

Media Statement

09 January 2017

The President of the Republic of South Africa, His Excellency Jacob Zuma, has on behalf of the Government and the people of South Africa, conveyed a message of condolences to the Government and the people of Portugal following the passing on of former President Mário Soares.

President Zuma recalled that former President Mário Soares, who died aged 92, was the historic first leader of the Portuguese Socialist Party and he was known in Portugal as one the founding fathers of the democratic era that started in 1974.  He was a constant figure in the country’s public life, both prior to the 25 April 1974 revolution and in the subsequent 40 years of Portuguese democracy, having been a former political prisoner and later an exile in São Tomé and Príncipe and France during the rightist Salazar dictatorship.

President Zuma noted that the late Soares will also be remembered for the key role he played in the decolonisation of Guinea-Bissau, Cape Verde, Angola, São Tomé and Príncipe and Mozambique, as well as for his meeting and support with ANC President Nelson Mandela in 1993 in the run-up to South Africa’s own democratic transition and his subsequent highly successful State Visit to South Africa in November 1995.

President Zuma said the people of South Africa share the loss of the Portuguese people and stand with them in this time of grief and mourning.

Enquiries: Mr Clayson Monyela, 0828845974

ISSUED BY THE DEPARTMENT OF INTERNATIONAL RELATIONS AND COOPERATION

OR Tambo Building
460 Soutpansberg Road
Rietondale
0084

 


 

Seminário "África do Sul: Oportunidades para o Setor Automóvel"

A CEFAMOL e a Embaixada da África do Sul estão a organizar um Seminário subordinado ao tema “África do Sul: Oportunidades para o Setor Automóvel”, inserido no Ciclo de Conferências “Engineering & Tooling: Oportunidades e Desafios, o qual decorrerá no Hotel Mar e Sol, em S. Pedro de Moel, no próximo dia 1 de fevereiro, a partir das 14h30.

Este evento sobre a indústria automóvel na África do Sul e as oportunidades de negócios para as empresas portuguesas, visa contribuir para aumentar as relações económicas entre os dois países tendo como oradores Jorge Maia (IDC), Luís Reis (AICEP) e Joaquim Rodrigues (CR Moulds).

Num ambiente dinâmico, esta sessão será complementada por um almoço, com o objetivo de promover a interação, conhecimento e convívio entre os diferentes agentes da indústria.

A participação exclusiva no seminário, que se insere no Projeto “Tool2Market” é gratuita, sendo a mesma sujeita a inscrição prévia. A inscrição no almoço é facultativa aos participantes.

Em anexo, enviamos programa e ficha de inscrição, a qual nos deverá ser remetida até ao próximo dia 27 de janeiro para o e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..  

Mais informações: http://www.cefamol.pt/cefamol/pt/Cefamol_ACefamol/Noticias/AS