24 Aug 2011
The Minister of Trade and Industry Dr Rob Davies today told Parliament that the Companies and Intellectual Property Commission (CIPC) has seen a massive increase in company registrations since its establishment. Minister Davies was responding to a question asked by Ms SP Lebenya-Ntanzi of the Inkatha Freedom Party, in the National Assembly. She wanted to know whether the Minister and his department had a strategic plan in place to rectify the current backlog of company registrations at the CIPC.In response to Ms Lebenya-Ntanzi’s question the Minister stated, “I recently engaged with the leadership and went on a walkabout with staff to understand the extent of the challenges. I was advised that several steps are being taken to address backlogs and was advised further that progress has been made in a number of areas, notably in processing name reservations and amendments to companies,” stated Minister Davies.
Speaking on the current size of the backlog and expected time required to deal with and reduce the backlog, Minister Davies read from the table below which provides an indication of progress made during the period under review:
| Transaction | Transaction volume at beginning of August | Number of transactions received in August | Number of transactions processed in August | Number of transactions on 18 August |
| Name reservations | 31,108 | 10,004 | 37,220 | 3,892 |
| New companies | 6,861 | 3,029 | 2,936 | 6,413 |
| Amendments to companies | 19,581 | 3,811 | 21,820 | 450 |
| Amendments to close corporations | 6,363 | 3,247 | 1,184 | 8,426 |
| Cooperatives | 420 | 969 | 802 | 587 |
| General email queries | 6,235 | 2,800 | 5,237 | 3,798 |
| Annual returns email queries | 8,725 | 1,680 | 2,670 | 7,735 |
Minister Davies added that the commission had been mandated to prepare a full update on progress. The report will be presented to Parliament by Minister Davies and CIPC Commissioner Ms Astrid Ludin on 13 September 2011.
Enquiries:
Sidwell Medupe
Tel: 012 394 1650
Cell: 079 492 1774
E-mail: MSMedupe@thedti.gov.za
Source: Department of Trade and Industry
Issued by: Department of Trade and Industry
24 Aug 2011
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