Ramaphosa’s Copyright Amendment Bill a recipe for jobs bloodbath
Photo by: Citizen
The Democratic Alliance (DA) says it has written to President Cyril Ramaphosa requesting that he send the Copyright Amendment Bill back to the Portfolio Committee on Trade and Industry for amendments and further consideration.
The party’s Dean Macpherson, says, should the President sign the Bill in its current form, it will lead to a jobs bloodbath and will cost the economy approximately 12-billion rands in exports to the United States.
Macpearson says while the Bill has sat on the President’s desk for more than three months, creating uncertainty in the creative industry, the International Intellectual Property Alliance (IIPA) is currently lobbying the US government to reconsider South Africa’s preferential trade access, thereby threatening billions of rand in exports as well as jobs.