SA’s rooibos industry has disbursed R12.2m to the National Khoi-San Council and the SA San Council as part of an Access and Benefit-Sharing agreement signed between the parties in 2019.
The disbursement is the first round by the industry which is necessitated by SA being a signatory to the Nagoya Protocol, a 2018 agreement that requires parties that trade in indigenous biological resources to promote equitable sharing of benefits with traditional knowledge holders. Benefit sharing is also required under the National Environmental Management and Biodiversity Act as signatories of the Nagoya Protocol are also obliged to cascade its requirements into their national legislation...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rooibos tea industry pays out SA indigenous groupsSouth Africa’s rooibos tea industry paid R12.2m to groups representing the indigenous Khoi and San people; a 15% levy of the farm gate price is to be paid into a trust each year. Wow
Source: Moneyweb - 🏆 5. / 77 Read more »
Financial Action Task Force: SA must deal with financial crimes by OctoberThe rating by the global money laundering and corruption watchdog could spell trouble for the country's economy - with fears that the country could lose its credibility as an investment destination. Hahaha what a joke SA needs 30 years to investigate after multiple enquiries, probes, commissions nothing will happen IMFNews IFC_org BBCWorld WHO EU_Commission eu_eeas AusGov NewZealandGov EnglandGov MoodysInvSvc stat_world questCNN MinPres NEDemocracy en_germany UKParliament DailyMailUK SwedenUN swiss_un FBI FitchRatings UN FoxNews SkyNewsBreak
Source: ewnupdates - 🏆 30. / 53 Read more »