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President Cyril Ramaphosa has assented into law three separate Bills with significant changes for transport and development taxes.
The three Bills are the National Land Transport Amendment Bill, the Economic Regulation of Transport Bill and the Municipal Fiscal Powers and Functions Amendment Bill.
The President signed the three Bills ahead of Parliament’s first sitting on Friday, 14 June, when the National Assembly will elect the next President.
With the ANC losing its majority for the first time since the start of democracy, Ramaphosa could lose his Presidency. However, this is incredibly unlikely amid talks of a Government of National Unity (GNU).
Summaries of the new laws are below:
National Land Transport Amendment Bill
The Presidency said the Bill was initially passed by Parliament and sent to the President for assent in 2020.
However, amid constitutional concerns, Ramaphosa referred the Bill back to the National Assembly for reconsideration.
The revised Bill seeks to amend the National Land Transport Act, 2009, by inserting and amending specific definitions and providing for non-motorised and accessible transport.
“The amendments bring the Principal Act up to date with new developments and provide for certain powers of provinces and municipalities to conclude contracts for public transport services. It further expands the powers of the Minister to make regulations and introduce safety measures,” said the Presidency.
NationalLandTransportAmendmentAct-final
The Economic Regulation of Transport Bill
The Bills aim to promote economic growth by promoting an effective and productive transport sector.
This includes creating a Transport Economic Regulator that will regulate prices in the transport sector, investigate complaints, and monitor and enforce compliance.
“The Bill further seeks to establish a single regulatory body to focus on the economic regulation of the transport industry,” said the Presidency.
The-Economic-Regulation-of-Transport-Bill
Municipal Fiscal Powers and Functions Amendment Bill
The Bill seeks to regulate the power of municipalities to levy development charges.
“It also establishes a system for the municipalities to impose levies for land development applications as a condition for granting or approval of such an application for persons to use or develop land in a municipality.”
Municipalities will also impose taxes, levies and duties appropriate to local government where authorised by national legislation.
MunicipalFiscalPowersandFunctionsAmendmentAct-final
SOURCE:Ramaphosa signs three new laws for South Africa – BusinessTech
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