Tag Archive | cooperative

Minister Davies finally gets his Cooperatives Bill approved

Cooperatives Bill will assist small business ventures…..

The Cooperatives Amendment Bill, promoted by the minister of trade and industry,  Dr Rob Davies and perceived by him as a critical legislation in the development of black business enterprises and rural development, has finally been approved by the National Assembly and no doubt will added to the statute book early in the New Year once concurrence is received by the NCOP.

Seen as integral part of New Growth Plan

Cooperatives represent a key aspect of the department of trade and industry (DTI) contribution to the New Growth Plan and DTI sees the new law as a major contribution towards the creation of jobs, poverty alleviation and economic growth.

Originally, two separate bills were tabled in parliament in May, one to deal with provincial issues known section 76 bill and the other as section 75 but eventually, for ease of legislative process and the necessity to speed up matters, a joint-tagging decisions saw both Bills combined as a result of a specialised committee report.

Much debate and long hearings

The bill has seen extensive hearings from many parties; alterations as a result of experience in other countries and the learning processes of the cooperative movement so far in South Africa, black co-operatives being in their infancy and white farming co-operatives having contributed to growth in the more developed areas of agricultural sectors for many years.

One of the primary aims of the legislation, the consolidated Bill states, is to create a co-operative agency to lead to a re-vitalised and more comprehensive co-operative movement in South Africa, establish a co-operatives tribunal to handle conflicts, disputes and to ensure compliance.

Government cooperative agency to assist training

A secondary objective of the agency would be to establish in the future and training academy and an co-operative advisory council to build the movement in field operations and development the potential of black emergent business.

 

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