Never miss a beat on Africa's legal and regulatory landscape.
A recent startle in the business sector has been caused by none other than the amendment to the Companies Act 28 of 2004 (“Companies Act”). It has caused confusion for businesses all over as to whether the amendments, specifically the new beneficial ownership information ..
On 25 October 2023, the Gauteng Division of the High Court of South Africa in the matter between Van Wyk Others v The Minister of Employment and Labour delivered a judgment which may, for the interim, abolish maternity leave as provided for in the Basic Conditions of Empl..
In this legal update, we discuss key highlights of the Foreign Exchange (Bureau de Change) Regulations of 2023 (the 2023 Regulations), which came into force on 6 October 2023 and revokes the Foreign Exchange (Bureau de Change) Regulations of 2019 (the 2019 Regulations). A..
Zambia has joined the select group of African nations taking early initiatives to explore innovative green financing methods for funding projects focused on adaptation and sustainable development. On 29 September 2023, Zambia’s Minister of Finance and National Plann..
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..
The Bank of Tanzania (BoT) has recently issued draft regulations for establishing a Regulatory Sandbox, the Fintech Regulatory Sandbox Regulations 2023. The Regulations aim to create a conducive environment for innovative fintech to be test..
On Monday, 09 October 2023, the President assented to the 2023 Privatization Act. The Act will overhaul the regulatory framework for privatizing public entities established by the 2005 Privatization Act. It represents a notable and hopeful advancement in privatizati..
In a recent development that could significantly impact the corporate landscape in South Africa, the Trusted Employer Scheme was officially announced in regulations published on October 11, 2023. This scheme introduces a..
On 13 October 2023, the Tanzania Communications Regulatory Authority (TCRA) issued a Public Notice regarding the use of Virtual Private Network (VPN) in the country. It should be noted that VPN is an encrypted connection over the Internet from a device to a net..
