302017Mar
Grabbing cartels by the horns – Mauritius

Grabbing cartels by the horns – Mauritius

As the chase for corporate supremacy continues, the number of corporate gaffes continue to grow. On the 1st of March 2017, the Competition Commission of Mauritius (“CCM”) announced a temporary amnesty for initiators of cartels to come forward and take advantage of its Leniency Programme. The Guidelines on Collusive Agreements (“CCM3”) have been amended to…

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282017Mar
Legal updates – Mozambique

Legal updates – Mozambique

CIVIL AVIATION LAW The new Civil Aviation Law purpose is to set the bases and general principles to be observed in the area of civil aviation in order to guarantee the safety, regularity, competitiveness and efficiency of air transport operations. This Law repeals the Law no. 21/2009 of 28 September, former Civil Aviation Law. REGULATION ON THE…

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72017Mar
High Court finds SA’s decision to withdraw from the ICC invalid and unconstitutional

High Court finds SA’s decision to withdraw from the ICC invalid and unconstitutional

President and Ministers of International Relations and Justice have been ordered to revoke the notice of withdrawal. The Pretoria High Court’s decision to rule the South African government’s withdrawal from the International Criminal Court as procedurally invalid and unconstitutional has been lauded by the opposing party. Deputy Judge President Phineas Mojapelo, in handing down judgment,…

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32017Mar
US confirms Nigeria seeks Eurobond issuance

US confirms Nigeria seeks Eurobond issuance

As Nigeria’s inflation levels soar, the country is casting a wide net for international funds. Acting Nigerian President Yemi Osinbajo is going ahead with seeking approval from the country’s National Assemble,  to allow the country to issue a Eurobond debt instrument of $500 million. The money would be used to fund the capital expenditure plan…

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282017Feb
Germany ready to invest in Africa

Germany ready to invest in Africa

The German-African Business Summit has overwritten historically low interest in the world’s second largest continent, with renewed vigor. The German-African Business Summit, which was hosted in Nairobi in January, saw over 400 representatives attend, including Kenya’s President Uhuru Kenyatta and the German ministers of Economy, Development and Foreign Affairs. The three-day meeting revolved around Germany’s…

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212017Feb
South Africa: New procurement regulations promote Broad Based Black Economic Empowerment

South Africa: New procurement regulations promote Broad Based Black Economic Empowerment

New regulations in terms of the Preferential Procurement Policy Framework Act (“PPPFA“) have been published and will take effect from 1 April 2017. The regulations replace the previous 2011 regulations and introduce several important changes which have significant implications for firms contracting with the Government and parastatals. The PPPFA regulations apply to procurement by “Organs of…

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62017Feb
Mining Charter ‘merely in draft form’

Mining Charter ‘merely in draft form’

Much controversy surrounds the April 2016 publication of the draft reviewed Mining Charter, but law firm Werksmans Attorneys reminds concerned stakeholders that it is still “merely in draft form”. Extensive comments were furnished from various industry stakeholders after the publication of the draft reviewed Mining Charter. Furthermore, there has been extensive deliberation between the Chamber…

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