The government has defended its plans to introduce black shareholding requirements for new water use licences, saying it is doing so to correct the racial imbalance created by SA’s apartheid past.
The department of water & sanitation said in a statement on Monday that both sorts of water allocation are heavily skewed towards historically advantaged individuals. The draft regulations aim to address this disparity. The department said that 75.93% of the 412-million cubic metres of water allocated via water use licences had been granted to previously advantaged individuals, and only 24.07% to previously disadvantaged individuals, it said.
The proposed regulations “placed a sword over their heads” and created such a climate of uncertainty that it threatened property transactions and plans for future investments, he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transnet sends SOS to government over freight chaos on Joburg-Durban corridorRudzani Ligege, Transnet Freight Rail's executive manager of the crucial Durban-Johannesburg container corridor, which cable theft and sabotage last week reduced to 25% of its capacity, says they sent an SOS to the government asking for more effective policing and investigations, more arrests and quicker convictions.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Government and business need to get even closer to solve SA’s problemsPublic and private sectors are inextricably connected in South Africa and other developing and developed economies.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Reserve Bank alarmed at dwindling appetite for government bondsLocals may be unable to fill the gap left by foreigners government bonds
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »
Source: 2oceansvibe - 🏆 43. / 51 Read more »