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South Africa consults on ICT ownership

Joint IIC - Italian Chapter and Agcom workshop

South Africa’s regulator, ICASA is to hold public hearings to discuss “the review and development of the authority position on historically disadvantaged persons and broad-based black economic empowerment (BBBEE)”, notes ITWeb. Public hearings will be held on 16 and 17 May. It follows a discussion document on equity ownership by historically disadvantaged groups or individuals (HDGs or HDIs) and was the start of an inquiry to determine how the authority should approach the implementation the ICT sector code in light of the existing HDG/HDI ownership requirements. ICASA was also looking for comment on how it can promote broad-based economic empowerment and equity ownership of HDGs, as required as part of the Electronic Communications Act, 2005. Last year, ICASA said the inquiry would consider, among other things, whether the minimum legislated requirement of 30% equity ownership by HDGs should be increased; whether licensees should be required to seek ICASA's prior approval in instances where a change in shareholding will result in a reduction of equity ownership by HDGs below 30%; whether ICASA should consider income levels and the size of the entity as criteria for differentiation in the imposition of HDG requirements; how the HDG equity ownership requirement should be applied to publicly traded entities; how compliance with the HDG requirements should be verified; and what constitutes ownership versus what constitutes control in terms of the ECA. Read more

  • Thursday, 26 April 2018

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