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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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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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Israel Vows To Increase ‘Military Pressure’ On Hamas In ‘Coming Days’

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(FILES) Israeli Prime Minister Benjamin Netanyahu (Photo by Abir SULTAN / POOL / AFP)

Prime Minister Benjamin Netanyahu on Sunday said Israel will increase “military pressure” on Palestinian militant group Hamas in a bid to secure the release of hostages held in Gaza.

“In the coming days we will increase the military and political pressure on Hamas because this is the only way to free our hostages,” Netanyahu said in a video statement on the eve of the Jewish holiday of Passover, threatening to “deliver additional and painful blows” without specifying.

Despite an international outcry, Netanyahu has repeatedly said that the army will launch a ground assault on Rafah, a southern Gaza city so far spared an Israeli invasion where more than 1.5 million Palestinians have taken refuge.

The army has said some of the hostages abducted from southern Israel during Hamas’s October 7 attack that sparked the war were being held in Rafah.

Military spokesman Rear Admiral Daniel Hagari said in a televised statement later on Sunday that “the chief of staff has approved the next steps for the war,” without offering details.

“On Passover, it will be 200 days of captivity for the hostages… We will fight until you return home to us.”

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FG to Launch CNG Initiative Ahead of Tinubu’s Anniversary

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The presidency announced on Sunday that the Federal Government is gearing up to launch its compressed natural gas (CNG) initiative in May, coinciding with President Bola Tinubu’s upcoming first anniversary in office.

Tinubu had declared the end of the fuel subsidy era during his inauguration, a move that led to a surge in fuel prices.

However, he assured the public of implementing measures to mitigate the impact, including the introduction of CNG-powered mass transit buses and tricycles.

According to presidential aide, Bayo Onanuga, the initiative is now ready to be set in motion after nearly a year in the making.

Onanuga stated in a late Sunday statement, “In all, over 600 buses are targeted for production in the first phase that will be accomplished this year.”

He further elaborated on the plans, mentioning, “A new plant on the Lagos-Ibadan Expressway will assemble thousands of tricycles.”

Onanuga revealed that parts manufactured by Chinese company LUOJIA, in partnership with local entities, are en route to Nigeria and expected to arrive early in May.

He added, “About 2,500 of the tricycles will be ready before May 29, 2024.”

The Federal Government aims to procure “5,500 CNG vehicles (buses and tricycles), 100 Electric buses, and over 20,000 CNG conversion kits,” Onanuga explained.

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He also highlighted efforts to facilitate the development of CNG refilling stations and electric charging stations.

President Tinubu’s approval of tax and duty waivers in December 2023 has paved the way for collaboration with the private sector to advance the initiative.

Onanuga noted, “The private sector has responded with over $50 million in actual investments in refueling stations, conversion centers, and mother stations.”

Additionally, plans are underway to assist petrol-powered buses and taxis in transitioning to CNG. Onanuga assured, “Thousands of conversion kits for petrol-powered buses and taxis that want to migrate to CNG are also ready with CNG cylinders.”

In response to negotiations with labour unions over the subsidy removal effects, Tinubu has urged patience from Nigerians, expressing confidence in the long-term benefits of his reforms.

As part of the government’s efforts, a package includes a temporary pay increase for federal employees, suspension of VAT on diesel, and social security cash transfers to the poorest citizens.

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