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Mnr. Speaker / Me. Adjunk-Speaker,

Maatskappye is die enjins van enige moderne ekonomie en daarom is dit belangrik dat die wet wat hierdie entiteite reguleer modern en prakties moet wees. Daar is lank aan hierdie wet gewerk en die VF Plus dink dat hierdie wet inderdaad progressief is.

It would also be remiss from us not to commend the Chairperson, Ms. Joan Fubbs, for her meticulous and democratic approach to finalizing this Bill. And I also would like to thank the other members of the committee for their diligent work and assistance.

Having said this, it was disheartening that the ANC was not willing to accept 4 out of the 6 joint proposals made by the FF Plus, DA and IFP. The FF Plus is proud that it was able to resolve the problem relating to ‘trading under insolvent circumstances’ where the compromise proposal by the FF Plus was accepted which eliminates the uncertainty created by the difference between technical and commercial insolvency. I dare say that the committee could have likewise accepted all proposals by the opposition in this spirit, especially given that our proposals were so few.

‘n Kommerwekkende aspek aangaande die implementering van die Wet is dat ons glo die sakegemeenskap meer tyd nodig het om die nuwe veranderings te absorbeer. Daarom glo ons dat ‘n 6 maande uitstel op die implementering van pas sou gewees het.

In die lig daarvan sal ons ongelukkig nie die Wet nou kan ondersteun nie.

I thank you Mr. Speaker / Madam Deputy Speaker

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