South Africa:
Africa Regulatory ENSight - Issue 2 Of 2020
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Botswana
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sector |
legislation |
effective date/status |
key points and impact |
Employment |
Trade Unions and Employers' Organisations (CAP
48:01) |
|
The Act:
- amends the law relating to trade
unions to make better provision therefor and for federations of
trade unions and employers' organisations;
- requires every trade union,
federation of trade unions or employers' organisation formed in
Botswana to, within 28 days after its formation, apply to the
Registrar for registration as a trade union, federation of trade
unions or employers' organisation, as the case may be; and
- provides that where a trade union,
federation of trade unions or employers' organisation fails to
apply for registration, every officer of the trade union,
federation of trade unions or employers' organisation and every
person acting or purporting to act as such an officer shall be
guilty of an offence and liable to a fine not exceeding
BWP100.
|
Corporate / Commercial |
Industrial Development Act No. 23 of 2019 |
The Act is on notice. |
The Act:
- provides for the regulation of
manufacturing enterprises through their licensing, registration and
supervision to facilitate industrial development;
- applies to any manufacturing
enterprise which:
- is operated and/or owned, wholly or
partly by a citizen of Botswana; or
- is operated and/or owned by any
person not being a citizen of Botswana by himself or herself or
with others;
- provides that a person shall not
operate a manufacturing enterprise, to manufacture for sale:
- animal feed;
- baby formula;
- food;
- beverages;
- cement;
- chemical products; or
- such other products as the Minister
may prescribe, at any place in Botswana except in terms of an
industrial licence issued by the Director, in accordance with this
Act, authorising the person to manufacture such a product.
|
Banking and Finance |
Guidance Note on Proliferation and Proliferation
Financing: Non-Bank Financial Institutions: AML/CFT&P Guidance
Note No. 1 of 2020 |
Published by the Non-Bank Financial Institutions
Regulatory Authority ("NBFIRA") in
January 2020. |
The Guidance Note:
- is aimed at raising awareness of the
risks and vulnerabilities with regard to proliferation and
proliferation financing, as well as the potential effect if a
non-banking financial institution knowingly or unknowingly plays an
appreciable role in proliferation financing;
- is applicable to all persons and
entities regulated and supervised by the NBFIRA; and
- encourages non-bank financial
institutions to consider measures such as:
- improved staff training;
- implementation of new policies and
procedures or adaptation of existing ones;
- undertaking risk assessments of
clients, customers, suppliers, end-users and third parties involved
in particular areas of their business; and
- employing enhanced due diligence
procedures to any higher-risk transactions or entities.
|
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