BEDIA/IFSC merger targets November Parliament

The taskforce, which is chaired by the Ministry of Trade and Industry's deputy permanent secretary (Industry), includes representatives from BEDIA, IFSC, Ministry of Finance and PEEPA and reports to Trade Minister, Dorcas Makgato-Malesu.

According to an IFSC bulletin, the BEDIA Act will be amended to incorporate relevant laws enabling IFSC "to advance the competitiveness of the new entity to be formed". The legislative amendments will also update BEDIA Act clauses necessary for the new entity.