Economic

Deliverables

Clear existing backlog of title deeds for subsidised housingIncrease the small estates thresholdResolve outstanding planning approvals for housing projectsClarify, simplify and streamline regulations and procedures for the release of public landConduct an audit of under-utilised public properties in metros and secondary citiesIdentify and release nationally-owned land and properties to housing developers for affordable housingComplete the rolling stock modernisation programmeDevelop a roadmap for passenger rail including a strategy to manage devolution to capable local and regional authoritiesReturn passenger rail corridors and stations to serviceReview and adjust regulations to remove barriers to low-cost housing developmentIntroduce a demand-side rental subsidy for affordable housingRedesign the First Home Finance subsidy to increase uptakeClimate Change Bill enactedUpdated nationally determined contributions (NDCs)Establish a zero-rated platform for access to government information.Establish a zero-rated platform for access to government services through multiple channels.Digital infrastructure roadmapEstablish an Inter-Departmental Working Group (IDWG)Digital transformation: Enable bulk data access to research; monitor and improve service deliveryEnable real time data access through a data exchange for key administrative databases.Establish universal biometric enrolment & introduce a foundational digital ID systemEstablish a payment bridge and switch to enable seamless transactions with government.Introduce payment standards and interoperability through Integrated Financial Management System (IFMS).Gas electricity (floating) projectsEnabling municipalities to procure excess electricity from householdsEskom land use programmeIncrease in planned Eskom maintenancePathway to stabilisation – Eskom leadershipPathway to stabilising power supply and achieve higher Eskom EAFVGBE report recommendations implemented by EskomBattery storage BW1Battery storage BW2Battery storage BW3Gas BW1 (site agonistic)Gas BW1.5 (Richards Bay, Phakwe)Mozambique electricity importsREIPPPP BW5REIPPPP BW6REIPPPP BW7Gas electricity capacity BW2Integrated Resource Plan 2025New coal-fired electricity BW1New coal-fired electricity BW2Nuclear electricity plant BWREIPPPP BW8Additional renewable energy development zonesDFFE EIA permitting regime changeEnergy Security BillERA Bill/ActRaising cap on self-generation to 100MW thresholdRemoval of 100MW thresholdEskom Distribution company unbundlingEskom Generation company unbundling“Real” wheeling protocolsSouth African Wholesale Electricity MarketStandard Offer to acquire electricity programmeVirtual wheeling protocolsEnergy one stop shopEnvironmental permit timelineLand use authorisation timelineNersa registration timelineMunicipality Eskom debt workout strategyCurtailment protocolEstablishing the Independent Transmission Project (ITP) procurement officeFull unbundling of NTCSAGrid Capacity Allocation RulesIndependent Transmission Project (ITP) funding model/ Credit Guarantee VehicleInterim Grid Capacity Allocation Rules (IGCAR)Removal of NTCSA upstream guarantee (‘Lazard Structure’)Include AI governance principles in the Joint Standard on Culture and Governance with a financial sector focus.SARB empowered to manage systematically important financial institutions (SIFIs) failures.Capital flows management framework review; fostering business growth, promoting investment in the region, promoting trade; fostering business growth, promoting investment in the region, promoting tradeTransitioning cash market products (loans, bonds, money market instruments) from JIBAR to ZARONIA by defining a fallback methodology: compounded ZARONIA + credit adjustment spread (CAS)Mandatory task force on climate-rated financial disclosures (TCFD) reportingEnact COFI Bill to harmonise market regulationImproving credit information and reporting through national credit bureau and data-sharing reforms.Comprehensive upgrade and rollout of South Africa’s digital identity verification system. Verification for both public and private sector services, including banks, insurers and telcos.National Treasury and Stats SA are implementing new data collection protocols, digital platforms and legislative reforms to modernise the national statistics systemNew requirements for cybersecurity resilience, eg, all financial institutions to adopt robust cybersecurity, risk management and incident response frameworksCorporation for Deposit Insurance (CODI) – Provision for protection in event of bank failure in March 2023; Provisions for collecting premiums effective from 1 April 2024Deepening financial inclusion for individuals – NT to implement strategyImproved access for SMEs, diversification, innovation, competitivenessCrypto asset policy.Supporting SMEs through payments innovationTokenisation (aka Blockchain)Regulation of fintech, crypto assets and digital payment providersModernise forex system for trade and investment to align with OECD code of liberalisationComprehensive review and overhaul of the regulatory framework for the distribution of funeral insuranceRestructuring the Gold and Foreign Exchange Contingency Reserve Account to manage forex reserves and reduce government borrowing.Develop a national green finance classification systemImplementation of the Basel III revised leverage ratio, including an updated exposure definition to better capture both on- and off-balance sheet risks.Extension of market abuse rules to new asset classes as part of market integrity reforms.New standards for exchanges and market infrastructures with the draft expanded in 2024.New reporting requirements and supervision.Consolidation of four ombuds offices into a single redress system.Real-time, low-cost payment platform (SARB project Khokha) with the potential to boost financial inclusion.Implementation of regulatory reporting requirements for margin on non-centrally cleared OTC derivatives, using the Umoja platform to submit returnsStrengthening governance and investment oversight in pension funds through new standards and proactive supervisionRisk-based supervision and capital adequacy reforms through enhanced monitoring, stress testing and reportingTwo-pot system/early access to retirement fundsUnclaimed assets.Replace all previous operational risk capital approaches (advanced measurement approach and three standardised approaches) with a single, risk-sensitive standardised approach for all banksImplementation of Basel III reforms to enhance risk sensitivity, granularity and consistency in credit risk calculationsStrengthening liquidity support for banks through enhanced assessment and support mechanismsMove to new benchmark rate for money markets by phasing out JIBAR benchmark rate.Establish the private sector participation (PSP) unitIdentify and pursue appropriate PSP models for the rail networkDevelop National Rail BillEstablish Interim Rail Economic Regulatory Capacity (IRERC)Establish Transport Economic RegulatorNational passenger rail policyNational Rail BillNational Rail Master Plan – network rightsizingRemove quasi regulatory function from Transnet entities (eg, TNPA)DoT private sector participation unitFinalise the access pricing methodologyFinalise the Network StatementPort concessioning – DurbanPort concessioning – otherRail Network StatementRoad to rail strategyThird party rail access/3PRA (round 2)Devolution of Commuter Rail StrategyEstablish independent infrastructure managerEstablish interim infrastructure managerTNPA corporatisationCorridor recovery teamsFreight logistics roadmapNew TFR scheduling systemPathway to 193MTSAPS RailTFR OEM partnerships for locomotivesTransnet board’s recovery planLabour law amendments: Code of Good Practice on DismissalsLabour law amendments: gig workersLabour law amendments: retrenchmentsLabour law amendments: small business exemption from bargaining council agreementProduction – BoegoebaaiNational Petroleum Company Bill (aka Eskom 2.0)UPRDAGas Utilisation Masterplan (GUMP)Integrated Energy Plan (IEP)Digitalisation processRed tape reduction unit workNew cadastral systemActual devolutionAnalogue switch offSpectrum auctionExpanded list of countriesClear the backlog of visa applications and reduce processing timesImplement the points-based system for the skilled work visa.Regularise critical skills list updatesImplement a fully automated Electronic Travel Authoriation (ETA) systemImplement e-Gates at major ports of entryNew visa categoriesProcess stream liningRemoval of red tapeTrusted employer schemeDevelop a National Water Action PlanLicensing and productionWater hydropower licensingStrengthen intervention in municipalities that fail to meet minimum norms and standards for water service delivery.Blue Drop / Green Drop publicationMunicipal intervention strategyEstablish a coordination structure to oversee implementation of the National Water Action PlanPolicy document and implementationPermanent strategy implementedAmend the Water Services Act to create a separation between water service authorities and water service providers.Establish an independent water regulator to strengthen oversight of water servicesNational Water Resources Infrastructure Agency ActWater Partnerships OfficeConsistent 90-day turnaround