BIG MINERS DIG IN TO FEND OFF PLANNED IR REFORMS

But Mr Veldsman said that, under the Bill, there was no guarantee those different categories of driver would continue to be paid about the same. “We’re talking about draft legislation where the ‘full rate of pay’ is so unclear, so undefined, so broad and so open to speculation that we can’t say in future if this Bill is to actually pass that we can still do that,” he said. Mr Veldsman added a number of Hancock’s projects had already stalled due to red tape. Another major concern is a proposal to give casual workers the right to ask to convert to permanent employment after six months of regular hours.

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China to promote more FTZ reform measures nationwide

China’s State Council has issued a circular to promote the replication of the latest reform experience tested in its pilot free trade zones (FTZs) across the country.

A total of 22 reform measures will be adopted nationwide, covering investment and trade facilitation, governance innovation, financial opening-up innovation, high-quality development of industries, and intellectual property protection, according to the circular.

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Cabinet approves Sh420b fund for SEZs

The Cabinet has approved 100 per cent equity investments of Sh420 billion to kickstart the Mombasa based Special Economic Zone (SEZ) alongside others proposed in Naivasha, Isiolo and the Export Processing Zones in Sagana, Del Monte, Eldoret and Busia.

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