Business groups request amendment of NHI Bill in South Africa

According to Section 79 of the Constitution, after a bill is approved, President Cyril Ramaphosa must either sign it into law or, if there are constitutional concerns, send it back to the National Assembly for further review. This comes after the National Council of Provinces (NCOP) on Wednesday voted in favour of the NHI system, which strives to create universal health coverage in South Africa.

While the DA has indicated that it will challenge the bill in court should Ramaphosa sign it into law, Business Unity SA (Busa) and Business4SA (B4SA) say they will submit a formal petition to the president, requesting that he refer the NHI Bill back to the National Assembly for amendment. The business groups believe that the bill, in its current format, is not only unworkable, unimplementable, and unaffordable, but it is also unconstitutional, both on substantive and procedural grounds

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Bodies Criticize Adoption of NHI BillBusiness Unity South Africa (Busa) and Business for South Africa (B4SA) have called out the National Council of Provinces (NCOP) Select Committee on Health and Social Services’ decision to adopt the National Health Insurance (NHI) Bill last week, accusing it of not following proper processes.
Source: Moneyweb - 🏆 5. / 77 Read more »

South African Business Confidence Remains Low Amid Challenging Economic EnvironmentConfidence amongst South African business leaders remains incredibly low amid the challenging economic environment, which is likely to translate to slow economic growth and further strain on the economy for the remainder of the year.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa's Business Confidence Index Slips in Q4The RMB/BER Business Confidence Index lost a bit of ground in the fourth quarter (Q4), led by a startling slide in the sentiment of new vehicle dealers. That means more than two-thirds of those surveyed were dissatisfied with prevailing business conditions.
Source: dailymaverick - 🏆 3. / 84 Read more »

South African Post Office's Business Rescue Plan Reveals Massive DebtThe business rescue plan for the South African Post Office (Sapo) shows a state-owned company that owes nearly R9 billion to creditors. Accumulated losses totalled R19 billion, with reported losses for the last 16 years. Assets are barely R4.4 billion.
Source: Moneyweb - 🏆 5. / 77 Read more »

South African Post Office Business Rescue Plan Endorsed by CreditorsThe South African Post Office (Sapo) business rescue plan has been endorsed by creditors, but it includes substantial job cuts. Economist Dawie Roodt discusses the financial feasibility and sustainability of the plan, which has received R2.4 billion from National Treasury.
Source: Moneyweb - 🏆 5. / 77 Read more »