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Never miss a beat on Africa's legal and regulatory landscape.

Webber Wentzel

Open Finance: Compulsory information request for all financial institutions and fintechs

In June 2023, the Financial Sector Conduct Authority (FSCA) published a draft Position Paper on Open Finance (Draft Position Paper) which builds on the FSCA's initial assessment of the Open Finance landscape published in its 2020 Consultation and Research Paper on R..

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Webber Wentzel

Virtual Wheeling 101

Electricity wheeling mechanisms play a key role in facilitating the optimal integration of renewable energy resources into the grid. Wheeling across high and medium-voltage lines has been the focus of Eskom's wheeling strategies to date, but the proposed introductio..

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Webber Wentzel

Competition Commission's Draft Public Interest Guidelines for Mergers published for public comment

Businesses have anxiously been seeking clarity on the application of public interest conditions in merger transactions. It is anticipated that the Competition Commission's draft public interest guidelines for mergers will provide some clarity on its approach to public int..

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Webber Wentzel

Power plays in times of crisis

South Africa’s crippling electricity crisis was recently described by President Ramaphosa as an existential threat to the economy and social fabric. The country has experienced about 200 days of load shedding so far this year, which is approaching the 206 days recor..

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Webber Wentzel

The Financial Intelligence Centre Publishes Final Guidance for Crypto Asset Services Providers

The FIC has published final guidance for crypto asset services providers, which are listed as accountable institutions as of 19 December 2022.

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Webber Wentzel

Regulations on food labelling and advertising

On 21 April 2023, the Minister of Health published the draft regulations relating to the Labelling and Advertising of Foodstuffs (GN R 3337 GG 48460) in terms of the Foodstuffs, Cosmetics and Disinfectants Act, 1972 (the draft regulations). Comments on the regulatio..

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Webber Wentzel

South African crypto providers now caught in licensing net

South African regulators have now defined crypto as a financial asset. But what does it mean in practice?

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Webber Wentzel

Retrenched by HAL 9000: what employers should know before using AI in dismissals based on operational requirements

Employers using AI systems to identify employees for retrenchment need to be cautious of potential discrimination and should ensure that human bias is not systematised. Employers should consider the human-centred AI Principles adopted by the Organisation for Economic Co-o..

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Webber Wentzel

South Africa's Potential Copyright Calamity

South Africa’s Copyright Amendment Bill and Performers Protection Amendment Bill could potentially harm rather than help the creative industry and needs serious reconsideration.

Copyright serves two broad functions in society. It reassures business and investors th..

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