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Fasken

Directors beware: the court emphasises the importance of disclosure in Atlas Park Holdings (Pty) Ltd v Tailifts South Africa (Pty) Ltd

South African company law has long recognised the general rule that a contract made by a company with one of its directors, or with a company or firm in which that director is interested, is voidable at the instance of the company in question, unless the company’s s..

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Fasken

Key Aspects of South Africa’s much-anticipated Climate Change Bill

The Climate Change Bill [B9- 2022] was formally introduced to Parliament on 18 February 2022 by the Department of Forestry, Fisheries and the Environment. This comes more than three years after an earlier version of the Bill was first published for..

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Fasken

The (Green) Gold Rush

In his 2022 state of the nation address, President Cyril Ramaphosa said that the cannabis and hemp sector has the potential to create more than 130 000 jobs and he announced that government will streamline ‘regulatory processes so that the hemp and cannabis sec..

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Fasken

Expropriation without compensation – it is not the end of the road and is still on the table

In a significant development in the land reform debate, the National Assembly on 7 December 2021 failed to pass a resolution to amend the South African Constitution to specifically allow land expropriation without compensation. The failure to adopt the constitutional amen..

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Fasken

Enhanced protection for financial customers: Proposed amendments to the 2017 Policyholder Protection Rules

The Financial Sector Conduct Authority (“FSCA”) has announced certain proposed amendments to the Policyholder Protection Rules (“PPRs”) for both life and non-life insurance. 

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