On 24 June 2022, the much-anticipated National Environmental Laws Amendment Act 2 of 2022 (“NEMLAA”) was enacted after more than 5 years since it was introduced as a Bill to the National Assembly.
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On 24 June 2022, the much-anticipated National Environmental Laws Amendment Act 2 of 2022 (“NEMLAA”) was enacted after more than 5 years since it was introduced as a Bill to the National Assembly.
Between April 2019 and June 2021, South Africa underwent a mutual evaluation of its anti-money laundering and counter-financing of terrorism controls, which culminated in the publication of the Mutual Evaluation Report (“MER”) by t..
Since the withdrawal of Practice Note 2, confusion has reigned as to the manner in which the SARS would apply the newly amended transfer pricing provisions in section 31 of the Income Tax Act, 58 of 1962 to intra-group loans. The only indication of the SARS view on ..
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..
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..
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..
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..
The Financial Sector Conduct Authority (“FSCA”) has announced certain proposed amendments to the Policyholder Protection Rules (“PPRs”) for both life and non-life insurance.