In his 2023 State of the Nation Address, President Cyril Ramaphosa referred briefly to progress expected to be made during the coming months with three pieces of legislation.
According to the President, the Electricity Regulation Amendment Bill will be tabled in Parliament ‘later this year’. once in force and operationalised, it is expected to ‘transform the energy sector and establish a competitive electricity market’.
In anticipation of the passing, enactment and implementation of the South African Postbank Ltd Amendment Bill, the President noted that Postbank is already ‘reviewing its service offerings so that it can provide a viable and affordable alternative to the commercial banks’.
The President also expects the draft Public Procurement Bill to be finalised, ready for Cabinet approval and tabling. The Bill’s purpose will be to ‘address weaknesses identified by the State Capture Commission and improve efficiency, value for money and transparency’.
Published by SA Legal Academy Policy Watch