n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - The reshaping of the co-operatives legal architecture as a result of the 2013 amendments to the 2005 Co-operatives Act : promoting democratic governance and economic sustainability or control and overregulation?
|Article Title||The reshaping of the co-operatives legal architecture as a result of the 2013 amendments to the 2005 Co-operatives Act : promoting democratic governance and economic sustainability or control and overregulation?|
|© Publisher:||Juta Law Publishing|
|Journal||SA Mercantile Law Journal = SA Tydskrif vir Handelsreg|
|Affiliations||1 University of South Africa|
|Publication Date||Jan 2015|
|Pages||275 - 307|
In 2013 Parliament enacted broad amendments to the Co-operatives Act 14 of 2005. These were signed into law on 2 August 2013 by the President and published in the Government Gazette of 5 August 2013. These amendments were adopted, as it was believed that while the state has done various things, including establishing state-driven incentive schemes and interventions, there has been little appreciation for the importance, significance and potential of the co-operatives model, and much had to be done to assist and strengthen co-operatives in the country. Government recognised that despite the initiatives and interventions by government it had not been sufficient to allow co-operatives to develop as is envisioned 'despite government having raised its game in an effort to support co-operatives'. In July 2013 the Minister of Trade and Industry, Dr Rob Davies, commented that there was still a lot of work that needs to be done in the country to ensure that co-operatives 'occupy the same position in the economy that co-operatives in other countries do'.
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