Minister of Economic Development’s New Powers On 05 March 2010 a proclamation of the President of the Republic of South Africa appeared titled “Transfer of Administration of, and Powers and Functions Entrusted by, Legislation in terms of Section 97 of the Constitution”. According to the proclamation, with effect from 01 April 2010 the following powers are transferred to the Minister of Economic Development: (i) The administration of the Industrial Development Corporation Act and the Competition Act (previously entrusted to the Minister of Trade and Industry); and (ii) The powers and functions entrusted by the legislation mentioned to the Minister of Trade and Industry. Termination of Tall Oil Fatty Acid Investigation On 12 March 2010 a notice was published in respect of the termination of the investigation into the alleged circumvention of anti-dumping duties against imports of tall oil fatty acid originating in or imported from Sweden through importing from Finland. The application was lodged by Industrial Oleochemical Products (Pty) Ltd. Supply Chain Compliance Conference On 25 March 2010 a Supply Chain Compliance Conference will be hosted at Emperors Palace, Johannesburg. This Conference will focus on efforts by the World Customs Organisation (WCO) members to roll out SAFE (AEO Programmes) initiatives in compliance with both the new SAFE Framework of Standards and the Revised Kyoto Convention, particularly the implementation of advance data reporting on inbound shipments (WCO Data Model). It is also expected to consider whether these programmes are in line with the twin goals of security and facilitation, or driven by other national interests.
