Weekly Advocacy Alert 03 2024

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ENERGY

01

Department of Mineral Resources and Energy (DMRE)

Gas Amendment Bill, 2023

Summary of Intent
The DMRE has published the bill for public comment by 29 February 2024. The bill is expected to expand the gas industry in South Africa by addressing sustainable and competitive trade, while facilitating integrated energy projects as part of the sector’s development goals.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

02

Department of Mineral Resources and Energy
National Energy Regulator of South Africa (NERSA)

Public hearing

Summary of Intent
NERSA invites stakeholders to attend and/or make representations at a public hearing to consider an application from the Petroleum Oil and Gas Corporation of South Africa SOC Ltd (PetroSA) for a trading licence. The locations for the licence are the Springs area, Ekurhuleni Metropolitan Municipality, Gauteng and Secunda area, Govan Mbeki Municipality, Mpumalanga.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

CLIMATE CHANGE

03

Department of Forestry, Fisheries and the Environment (DFFE)

Carbon Budget and Mitigation Plans Regulations

Summary of Intent
The DFFE will be holding a stakeholder workshop on the project to develop the regulations. An in-person workshop has been scheduled for 13 February 2024 from 10h00 to 16h00 that will be held at the DFFE Offices, 473 Steve Biko, Arcadia, Pretoria. Further information and the agenda will be issued by the DFFE in preparation for the workshop. Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

04

European Union (EU)

Carbon border adjustment mechanism (CBAM)

Summary of Intent
Members have previously been alerted to the pending CBAM in several Advocacy Alerts during 2023. The goal of the CBAM is to mitigate carbon leakage by ensuring that emission intensive goods sold in the EU market face the same carbon price regardless of whether they have been produced in the EU or elsewhere. To achieve this, the CBAM imposes a carbon price to certain imported goods.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

WATER

05

Department of Water and Sanitation
National Water Act

Raw water charges for the 2024/25 financial year

Summary of Intent
he raw water charges for the periods 1 April 2024 to 31 March 2025 have been published. Charges for the Berg Water Project, Mooi-Mgeni Transfer Scheme 2 and the uMkhomazi Water Project Phase 1 will be applicable from 1 July 2024 to 30 June 2025.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

BIODIVERSITY

06

Global Reporting Initiative (GRI)

GRI 101: Biodiversity 2024

Summary of Intent
The GRI is an independent international standards organisation that develops global best practices for how organisations communicate and demonstrate accountability for their impacts on the environment, economy and people. Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

TAXATION

07

National Treasury
South African Revenue Services (SARS)
Customs and Excise Act

Transfer pricing adjustments

Summary of Intent
SARS has published draft rule amendments for public comment until 9 February 2024 that aim to facilitate transfer pricing adjustments. The rule amendments will provide clarity and certainty for multi-national enterprises on how to account for their transfer pricing adjustments on previous customs declarations. This will ensure compliance with customs obligations.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

SKILLS DEVELOPMENT

08

Department of Higher Education and Training
National Skills Authority (NSA)
Skills Development Act

NSA Public Consultations

Summary of Intent
The NSA has embarked in a nation-wide public consultation from 22 January to 9 February 2024 for inputs and comments on the proposed Draft Sector Education and Training authority Grant Regulations, Draft NSA Investigations Regulations and the Draft National Master Skills Plan (MSP).Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

ECONOMICS

09

Business Unity South Africa (BUSA)

Economic Week Ahead

Summary of Intent
BUSA provides a weekly Economic Week Ahead forecast, as well as commentary.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

10

Business Unity South Africa (BUSA)

Weekly Economic Briefing

Summary of Intent
BUSA provides a weekly Economic Briefing report that covers economic matters in South Africa, the rest of Africa as well as internationally.Your membership level does not allow you access to this content. If you feel you should have access on the below document, please log-in or Contact Us

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