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

Fasken

SARS finally provides guidance on transfer pricing rules

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 ..

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Cronjé Inc.

Promulgation of Public Procurement Amendment Act, 2022: noteworthy updates to existing public procurement framework

The Public Procurement Amendment Act, 2022 was promulgated on 8 August 2022 and aims to update and amend the Public Procurement Act 15 of 2015. This Act remains problematic as it contains ambiguous wording and very short timelines within which actions can be taken. The am..

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Bowmans

Uganda: High Court reiterates process and jurisdictional immunity enjoyed by multilateral development banks

In a recent ruling in the case between M/s Semuyaba, Iga & Co Advocates & Anor v Attorney General of Republic of South Sudan and Two Others, the High Court of Uganda has held that unless authorised, the branch office of an international corporation is generally no..

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Sal & Caldeira Advogados

The General Assembly meetings of the Commercial Companies by Electronic Means

Dynamics is pointed out as one of the characteristics of Commercial and Corporate Law due to the pressing need that economic agents have to find new solutions to continue developing their business activities, circumventing possible barriers and making the activity i..

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Udo Udoma & Belo-Osagie

The Climate Change Act 2021: key points for consideration

In order to protect the Nigerian environment and ecosystem from the ravages associated with climate change and to achieve the reduction of greenhouse gas  emissions in Nigeria, President Muhammadu Buhari of Nigeria signed the country’s  climate change bill into ..

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Clyde & Co.

Prohibition of lending without a licence

In an effort to prohibit the lending of money without a licence, the Bank of Tanzania (the BoT), on 24 November 2022 published a notice (the Notice) prohibiting institutions, companies and individuals who are in the business of providing loans without a licence contrary t..

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ENSafrica

New year, new laws: South Africa amends its money laundering and counter-terrorist financing regime

On 22 and 23 December 2022, President Ramaphosa signed two key pieces of legislation into law – the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act, 2022 and the Protection of Constitutional Democracy Against Terrori..

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Webber Wentzel

SCA hands down important judgment for the mining industry

​​​​​​​​In a judgment handed down by the SCA on 18 November 2022, several key South African mining and mineral law principles were enforced. The SCA also emphasised points that a mining rights applicant should keep in mind.

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Moira Mukuka Legal Practitioners

Distressed M&A and the Zambian Business Rescue Process

Zambia has ‘operationalized’ the business rescue mechanism, first introduced in July 2018 under the Corporate Insolvency Act No 9 of 2017, which allowed a one-year window period for the formulation and promulgation of the subsidiary legislation.

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