South Africa is set to see some new regulatory changes over the next few months, says president Cyril Ramaphosa.
President Cyril Ramaphosa recently mentioned progress is being made on three bills dealing with the energy sector, Postbank and public procurement.
The PMG is an information service group that maintains a public online record of policy decisions by the South African parliament. Ramaphosa can either sign the bill into law or return it to parliament with recommendations for changes.Ramaphosa said that this bill would transform the energy sector and establish a competitive electricity market, reported the PMG.The bill aims to establish an independent transmission company and provide for the emergence of a competitive electricity market.
Minister of Communications, Khumbudzo Ntshavheni, presented the bill to the National Assembly in May 2022. Late last year, Ramaphosa sought to clarify the situation and stressed that empowerment in public procurement as it pertains to promoting those who have been historically disadvantaged remains a requirement.
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