The South African Department of Trade and Industry (“DTI”) released a draft of the Promotion and Protection of Investment Bill (“PPI Bill”) for public comment on November 1, 2013. DTI released the PPI Bill after conducting a review of South Africa’s bilateral investment treaties (“BITs”); following the review, the South African government began terminating many of its BITs. The PPI Bill, if passed, will regulate investments in place of BITs.
Jennifer Reed, South African Revolutionizing Foreign Investment Protection System, 6 Y.B. Arb. & Mediation 295 (2014).