Manyi concerned with how FICA bill will be implemented

Parliament’s Standing Committee on Finance held hearings on the Financial Intelligence Centre Amendment Act (FICA) on Wednesday.

The meeting resulted in a heated argument between the Black Business Council (BBC) and the Progressive Professionals Forum (PPF).

Speaking to CapeTalk's Kieno Kammies, Mzwanele “Jimmy” Manyi, president of the Progressive Professionals Forum (PPF) and former senior government official, says the forum would like to make sure that the rule of law is upheld in this country to combat corruption in every form.

Parliament passed the FICA Bill last year, but President Jacob Zuma sent it back raising concerns about the constitutionality of provisions relating to warrant-less searches in the Bill.

Manyi says they support all the objectives of the bill but have a problem with the "how" part of the bill.

The reason we have a problem with the "how" is that with all its good intentions the "how" part of it actually seeks to neglect certain powers that are already appropriated to certain organs of the State.

Mzwanele “Jimmy” Manyi, President of PPF

This is a project to create a parallel service to what is already on offer in the country, we are having a problem with that because the law enforcement is not incompetence of national treasury.

Mzwanele “Jimmy” Manyi, President of PPF

Bonang Mohale, deputy chairman at Business Leadership South Africa says the Fica Bill is an existing Act which is being amended. He says they support that the President signs the Bill into law as soon as possible.

Mohale says the warrantless searches in the Bill do not apply to private citizens of this country but accountable institutions.

The amendment is critical against the fight on terrorism, white collar crime, tax evasion, corruption and organised crime. It strengthens South Africa's ability to detect, discourage and prevent money laundering...

Bonang Mohale, Deputy Chairman at Business Leadership South Africa

To hear more on this subject, listen below:

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