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Cape Town - The cabinet has approved the establishment of an SA Centre on African Public Debt and Bond Market Development, government spokesman Jimmy Manyi said on Thursday.
The centre would be established in collaboration with the Organisation for Economic Cooperation and Development (OECD), he told a media briefing following the cabinet's regular Wednesday fortnightly meeting.
This initiative envisaged cooperation among African public and private institutions on current and future capital market developments within the continent.
This included facilitating a structured skills sharing platform aimed at promoting African capital investment structures which subscribed to international best practices, he said.
The cabinet also approved several new appointments, including two to the Companies and Intellectual Property Commission.
Astrid Ludin and Rory Voller were named commissioner and deputy commissioner of the Commission.
Their appointments were lauded by the department of trade and industry (dti).
"The appointments herald another milestone towards the full implementation of the Companies Act of 2008," the department said.
It said that all the necessary systems and processes were in place for the commission to function.
"Agreement has been reached with organised labour regarding current employees of the Companies and Intellectual Property Registration Office and the Office of Companies and Intellectual Property Enforcement, a business unit within the Department of Trade and Industry."
The department said that implementation of the Companies Amendment Bill had "brought about a progressive corporate environment that was conducive to economic growth, development and the transformation of business conduct in SA."
The Companies Amendment Bill was adopted by Parliament's Portfolio Committee on Trade and Industry on March 24 and is going through the necessary approval processes.
The centre would be established in collaboration with the Organisation for Economic Cooperation and Development (OECD), he told a media briefing following the cabinet's regular Wednesday fortnightly meeting.
This initiative envisaged cooperation among African public and private institutions on current and future capital market developments within the continent.
This included facilitating a structured skills sharing platform aimed at promoting African capital investment structures which subscribed to international best practices, he said.
The cabinet also approved several new appointments, including two to the Companies and Intellectual Property Commission.
Astrid Ludin and Rory Voller were named commissioner and deputy commissioner of the Commission.
Their appointments were lauded by the department of trade and industry (dti).
"The appointments herald another milestone towards the full implementation of the Companies Act of 2008," the department said.
It said that all the necessary systems and processes were in place for the commission to function.
"Agreement has been reached with organised labour regarding current employees of the Companies and Intellectual Property Registration Office and the Office of Companies and Intellectual Property Enforcement, a business unit within the Department of Trade and Industry."
The department said that implementation of the Companies Amendment Bill had "brought about a progressive corporate environment that was conducive to economic growth, development and the transformation of business conduct in SA."
The Companies Amendment Bill was adopted by Parliament's Portfolio Committee on Trade and Industry on March 24 and is going through the necessary approval processes.
