Now that the President’s Cabinet will consist of a multitude of parties with varying political ideologies within the Government of National Unity —who have been vocal in their opposition to some of these bills—eyes will be on what happens to these bills.
In practice, the President does not automatically sign a bill into law and applies his mind before doing so. When exercising this right, the President seeks counsel and considers submissions and petitions made to him. The Bill was sent back to both the NCOP and NA for amendments, which there were was subsequently passed by both houses and sent to the President for assent on 16 May 2024.
“Traditional retirement systems primarily focus on long-term savings, often lacking the adaptability to address immediate financial crises this reform balances long-term security and immediate needs, recognising life’s unpredictability,” said Parliament.at the group, Avishal Seeth, outlined that the most crucial points of the system that people should be aware of are:
According to the Department of Water and Sanitation, the sweeping reforms are intended to attract private investment, enforce accountability for non-performance, and remedy a crisis that has caused outages nationwide.Manage national water resources infrastructure;and Raise commercial funding and operational cash flows for projects
Strengthen the role of the National Energy Regulator of South Africa to include powers to license entities that will implement the competitive market and have regulatory oversight during transitioning to a competitive market;