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UPDATE ON POLICY: FEEDBACK ON POLICY FROM THE BUSA BOARD MEETING OF 2ND MARCH

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UPDATE ON POLICY: FEEDBACK ON POLICY FROM THE BUSA BOARD MEETING OF 2ND MARCH
In its most recent bulletin to members, BUSA gave an update on their activities regarding policy matters. Please find snippets from that update with the following items that we hope will be relevant for members to note:

Productive and Stable Labour Market
BUSA is actively engaged in the Labour Market Chamber as well as working on the exemptions and methodology relating to the National Minimum Wage and Labour Relations Stability provisions.

Transformed, Inclusive Economy that Creates Sustainable Development
A BUSA Economic Think Tank met on 16 February to provide input that formed the basis of the BUSA Economic Strategy. A follow-up meeting then took place in the past week that discussed policy shifts necessary to achieve economic transformation. We will update members on the highlights from this meeting as and when we get a meeting summary from BUSA.

Small and Medium Enterprise Action Plan
Members may be aware that BUSA conducted research in 2015/16 that resulted in an ‘Enabling Environment for Sustainable Employment’ report and a SME Action Plan. BUSA has also recently completed a report (with TBCSA input) towards a definition of small business and is also working with TIPS on identifying constraints to registration for small businesses.

Trade Regime and International Co-operation that enables South African Businesses
BUSA endeavours to influence trade policy and agreements that are supportive of business development and an inclusive economy.

Education and Skills Development for Current and Future Work
BUSA continues to engage at NEDLAC on the revised National Skills Development Plan, which aims to shape the architecture of post-school education and training. The next meeting at NEDLAC on the Plan is scheduled for 31 March.

We will provide you with feedback from the BUSA EconPol standing committee meeting in the next Weekly update. Please look out for it because it has a way forward on the critical matters such as the National Minimum Wage (NMW), the planned Carbon Tax and Sugary-Sweetened beverages, the Davies Tax Commission; BUSA submission on AARTO and many more.

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