Parks Tau
2 articles
Business
South Africa withdraws National Credit Act amendment
JOHANNESBURG, South Africa—Minister of Trade, Industry and Competition Parks Tau announced the withdrawal of proposed National Credit Act amendment regulations on Thursday, following over 20,000 public submissions opposing the changes. The decision halts plans to alter debt relief measures for consumers. The regulations, gazetted in July 2025, aimed to tighten debt intervention processes under the […]
By News Reporter•
South Africa
South Africa Was Already Diversifying Trade Partners Before US Tariffs: Tau
PRETORIA — South Africa has been actively seeking new trade partners in Asia and other regions as part of a strategic diversification plan that predates the recent US tariff announcement, Trade Minister Parks Tau revealed. “We have long started the process of diversifying our trade partners including in citrus,” Tau stated, highlighting efforts already underway […]