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The Minister has again exempted certain private bodies from the obligation to compile a manual under the Promotion of Access to Information Act 2000 (PAIA) until 31 December 2020. This extends the period granted under the previous notice which expires on 31 December 2015. Section 51 of PAIA requires the head of a private body to compile a manual detailing the access to that body’s records and information. If a body is exempt, there is…
Government has launched an e-Tender Publication portal and the central supplier database (CSD) that provides for electronic platforms to centralise its procurement process. The portal and the CSD were set up by the Office of the Chief Procurement Officer (OCPO) on 1 April 2015 and went online on 1 September 2015. All suppliers to any organ of state will eventually be required to have their details reflected on the CSD. There is no specific definition…
The SA Reserve Bank is adopting a wait-and-see approach. The Volcker Rule came into force in the US in April 2014. The Volcker Rule is a federal regulation under the Dodd-Frank Act that, subject to exceptions, prohibits US commercial banks from engaging in short-term proprietary trading of many financial instruments for their own account. The prohibition includes trading in derivatives, commodity futures, options and securities. It strictly limits investment made by commercial banks and their…