Marc Van Heerden

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PAIA manuals: private bodies’ exemption to be extended by a further five years

By Marc Van Heerden on December 12, 2015 Posted in General

The Minister has again exempted certain private bodies from the obligation to compile a manual under the Promotion of Access to Information Act 2000 (PAIA) until 31 December 2020. This extends the period granted under the previous notice which expires on 31 December 2015. Section 51 of PAIA requires the head of a private body … Continue reading

Suppliers to government must register on its central supplier database

By Marc Van Heerden on September 16, 2015 Posted in General

Government has launched an e-Tender Publication portal and the central supplier database (CSD) that provides for electronic platforms to centralise its procurement process. The portal and the CSD were set up by the Office of the Chief Procurement Officer (OCPO) on 1 April 2015 and went online on 1 September 2015. All suppliers to any … Continue reading

The US Volcker rule, UK, South Africa and elsewhere

By Bridget King and Marc Van Heerden on August 7, 2014 Posted in Banking

The SA Reserve Bank is adopting a wait-and-see approach. The Volcker Rule came into force in the US in April 2014. The Volcker Rule is a federal regulation under the Dodd-Frank Act that, subject to exceptions, prohibits US commercial banks from engaging in short-term proprietary trading of many financial instruments for their own account. The … Continue reading