142017Nov
The best African countries to do business in

The best African countries to do business in

The latest report from the World Bank Group ranks Mauritius among the best for doing business in Sub-Saharan Africa. The World Bank’s flagship report, Doing Business 2018: Reforming to Create Jobs, has named Mauritius as the best ranked economy for doing business in Sub-Saharan Africa. Released at the end of October, the annual report took…

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182017Oct
Broad-based Black Economic Empowerment Commission announces investigations of Trusts used in B-BBEE ownership structures

Broad-based Black Economic Empowerment Commission announces investigations of Trusts used in B-BBEE ownership structures

On 7 August 2017, the B-BBEE Commission announced that it had initiated 17 investigations for possible contraventions of the Broad-Based Black Economic Empowerment Act (B-BBEE Act). Six cases deal with the use of trusts in B-BBEE ownership structures, 6 deal with B-BBEE verification agencies and 2 involve Government entities (Eskom and the South African Social…

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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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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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132016Oct
What South Africa can learn about its WEF Global Competitiveness Index rank

What South Africa can learn about its WEF Global Competitiveness Index rank

There are areas that threaten to unseat the country from capitalising on the global attention it receives… The Global Competitiveness Index has ranked South Africa the second most competitive economy in Sub-Saharan Africa. Globally, the country has been placed 47th out of 138 economies. The World Economic Forum’s annual report assesses economic openness based on…

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232016Sep
South Africa: Reckless lending’s billion rand problem

South Africa: Reckless lending’s billion rand problem

The winds of change have blown over the finance industry, after a landmark ruling by the Western Cape High Court and Constitutional Court pertaining to certain sections of the Magistrate Court’s Act relating to Emoluments Attachment Orders (EAOs). The case started when businesswoman Wendy Appelbaum found that several of her employees were forced by EAOs…

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