A constitutional crisis is brewing because President Jacob Zuma is not assenting to and signing bills adopted by Parliament so they can enter into force. There is a raft of such legislation. At the centre of the storm is the Financial Intelligence Centre Amendment (Fica) Bill, which was adopted by Parliament in May 2016. The legislation is important to curb the corruption of public figures, and requires banks to perform enhanced due diligence on "politically exposed" people, in line with SA’s international obligations. The Presidency said in August the signing of the bill had been delayed by a "constitutional objection" lodged by the Progressive Professionals Forum, established by former government spokesman Mzwanele (Jimmy) Manyi. In terms of legislative procedure, however, the public hearing of objections to legislation tabled in Parliament takes place before the adoption of a bill by the legislature. Such petitions cannot be lodged with the president at the stage when he must ass...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.