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South Africa President, Zuma signs 10 bills into law.

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PRESIDENT Jacob Zuma of South Africa on Wednesday, 11 January 2017, signed the following ten (10) Bills into law.

Taxation Laws Amendment Act:

The main purpose of the Bill is to amend certain provisions of various Acts related to the Taxations Laws Amendment Act including, amongst others, Transfer Duty Act, 1949; Estate Duty Act, 1955; Customs and Excise Act, 1964; Value-Added Tax Act, 1991; Skills Development Levies Act, 1999, Unemployment Contributions Act, 2002; Securities Transfer Tax Act, 2007; Mineral and Petroleum Resources Royalty Act, 2008; Employment Tax Incentive Act, 2013 as well as Taxation Laws Amendment Acts, 2013, 2014 and 2015.

The Bill seeks to amend these laws in order to bring them in line with the new Taxation Laws Amendment Act.

Finance Act, 2016 : 

The Finance Act, 2016 (Act No.7 of 2016) seeks to provide provisions for the approval of unauthorised expenditure, recovery of unauthorised expenditure and provide for matters connected therewith.

Rates and Monetary Amounts and Amendment of Revenue Laws (Administration) Act, 2016:

The Act aims to provide for administrative matters in respect of additional relief under the voluntary disclosure programme and to provide for matters connected therewith.

Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2016:

The Act aims to fix the rates of normal tax; to amend the Transfer Duty Act, 1949, so as to amend the rates of transfer duty and monetary threshold; to amend the Income Tax Act, 1962, so to amend rates of tax and monetary amounts as well as to amend Customs and Excise Act, 1964, so as to amend rates of duty in Schedule 1 to that Act.

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The Act further seeks to provide for additional relief under the voluntary disclosure programme and to provide for matters connected therewith.

Tax Administration Laws Amendment Act, 2016:

The main purpose of the Bill is to amend Income Tax Act, 1962, to provide for delegation of power to disclose certain information and to remove an obligation to submit a return for a dividend derived from a tax free investment, amongst others. The Bill further seeks to amend Customs and Excise Act, 1964, so as to narrow the scope of provisions relating to Special Economic Zones and to align terminology with terminology used in the Special Economic Zones Act, 2014.

The Bill also seeks to amend certain provisions of Value-Added Tax Act, 1991; Mineral and Petroleum Resources Royalty (Administration) Act, 2008 as well as Tax Administration Act, 2011.

Adjustments Appropriation Act, 2016:

The Bill seeks to effect adjustments to the appropriation of money from the National Revenue Fund for the requirements if the State in respect of the 2016/17 financial year and to provide for matters incidental thereto.

Unemployment Insurance Amendment Act, 2016:

The main purpose of the Bill is to amend the Unemployment Insurance Act, 2001, so as to provide for the extension of the unemployment insurance benefits to learners who are undergoing learnership training and civil servants and also, amongst other things, to adjust the accrual rate of contributor’s entitlement to unemployment insurance benefits and to provide for the process of application for maternity benefits.

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The Bill further seek to empower the Unemployment Insurance Board to provide its constitution for the functions of regional appeals committees and to amend Scheduled 2 to the  Unemployment Insurance Act, 2001, so as to provide for adjustment of the Income Replacement Rate and to provide matters connected therewith.

Children’s Amendment Act, 2016:

The Bill seek to amend the Children’s Act, 2005, so as to insert certain definitions and to provide, amongst other things, that a person convicted of certain offences be deemed unsuitable to work with children and to afford a child offender an opportunity to make representations as to why a finding of unsuitability to work with children should not be made.

Children’s Second Amendment Act, 2016:

The Bill seek to amend the Children’s Act, 2005, so as to insert certain definitions and to provide, amongst other things, that the removal of a child temporary safe care without a court order be placed before the children’s court for review before the expiry date of the next court day. The Bill further seek to provide that an application for a child to remain in alternative care beyond the age of 18 years, must be submitted before end if the year in which the relevant child reaches the age of 18 years and to provide for matters connected therewith.

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Performing Animals Protection Amendment Act, 2016:

The Bill seek to amend the Performing Animals Protection Act, 1935 and to provide for a procedure for the application for a license to exhibit and train performing animals or use of animals for safeguarding as well as to provide for the issuance of license and for an appeals process and to provide for matters connected therewith.

President Zuma is confident that these new amended laws will enhance government service delivery programmes and also improve the good work that has been done by departments and institutions who are custodians of these laws.

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FG Unveils Unbundling Plan for Electricity Distribution Companies

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In a bid to enhance efficiency within Nigeria’s power sector, the Federal Government has initiated the unbundling process for 11 electricity distribution companies (DisCos).

This move aims to streamline operations and bolster effectiveness within the sector, as highlighted by Nigeria’s Minister of Power, Adebayo Adelabu.

Addressing the Senate Committee on Power in Abuja, Minister Adelabu emphasized the necessity of restructuring the DisCos into more manageable entities aligned along state lines.

He stressed the impracticality of current setups, citing examples such as the Ibadan Disco, which spans across seven states, hindering operational efficiency.

Also, Minister Adelabu disclosed the government’s intention to exercise its ownership rights in the DisCos, reclaiming management responsibilities to rectify operational shortcomings. He underscored the imperative of governmental intervention, citing past mismanagement by private sector operators.

In tandem with the unbundling initiative, the Federal Government has directed the sale of DisCos currently under the management of banks and the Assets Management Corporation of Nigeria (AMCON). Four DisCos, including Abuja, Benin, Kaduna, and Kano, are now under bank management due to loan repayment issues, signaling a broader need for industry-wide reform.

The Senate Committee on Power echoed concerns over DisCos’ inefficiencies, advocating for comprehensive overhauls to address longstanding performance deficits. Senator Danjuma Goje decried DisCos’ lackluster contributions to the power sector, labeling them as “complete failures.”

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In response to mounting challenges, Minister Adelabu outlined key strategies to revitalize the sector, including stringent regulatory measures, franchise agreements, and accelerated completion of transmission projects. Additionally, efforts are underway to bridge the metering gap and expand renewable energy capacity to bolster the national grid.

Looking ahead, the Federal Government remains committed to realizing its vision of a robust and sustainable power sector, with plans underway to achieve a target of 6,000MW of power generation by the year’s end. As stakeholders collaborate to address systemic deficiencies, the trajectory of Nigeria’s power sector points towards a future marked by resilience and progress.

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Nigerian Army Dismisses Two Personnel Over Alleged Theft at Dangote Refinery

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The Nigerian Army has swiftly acted on allegations of misconduct within its ranks, as it announces the immediate dismissal of two of its personnel implicated in a reported theft at the Dangote refinery in Lagos.

Director of Army Public Relations, Onyema Nwachukwu, affirmed this disciplinary action in a statement released on Monday.

Corporal Innocent Joseph and Lance Corporal Jacob Gani have been relieved of their duties and handed over to the police for further investigation.

“As a demonstration of NA’s zero-tolerance for misconduct and criminality within its ranks, the two soldiers have been dismissed from the NA with immediate effect and handed over to relevant authorities for further prosecution,” Nwachukwu stated.

Major General Nwachukwu outlined the charges against the soldiers, citing their abandonment of duty post and unauthorized possession of materials. He noted that they were summarily tried and found guilty in accordance with military laws.

“This decisive action underscores the NA’s resoluteness in maintaining its institutional integrity and reputation,” Nwachukwu added. “The NA reassures the general public of its dedication to upholding integrity, discipline, and accountability at all levels.”

“We remain resolute in our duty to protect and serve the nation with honor and dignity,” he concluded.

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Rainstorm plunges forty Ogun communities into darkness

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Forty communities in Ogun State have been plunged into darkness following a rainstorm on Sunday.

The downpour, which began midday, destroyed electricity facilities in some parts of the state, leading to a blackout.

“Due to broken poles occasioned by the heavy downpour at Ota and Mowe, customers in the following communities: lyana lyesi, Osuke Town, Egan Road, lyana Ilogbo, Ijaba, Ijagba, Itele, Lafenwa, Singer, Joju, Alishiba, Oju Ore, Tollgate, Eledi, Akeja, Abebi, Osi Round About, Ota Town, Ota Industrial Estate, Igberen, lju, Atan, Onipanu, Obasanjo, Lusada, Arigba, Odugbe, Ado-Odo, Igbesa, Owode,” the Ibadan Electricity Distribution Company (IBEDC) said in a statement late Sunday.

“Olokuta, Hanushi, Bamtish Camp Lufiwape, Eltees Farm, August Engineering, Spark Cear Soap Ayetoro, Amazing Grace Oil, Christopher University, Royal Garden Estate, Pentagon Estate, and environs are experiencing power outages”.

It called on residents of the areas to avoid “contact with the broken poles, saggy wires or any other electrical installation affected by the rain.

“Our technical team is working to clear and replace the broken poles and installations to ensure power supply is restored as soon as possible,” IBEDC said.

A video circulating on social media showed fallen electricity poles on vehicles in a flooded Sango-Ota area of the state.

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