Towards the end of 2022, several amendments and proposed changes to the structure of South Africa's anti-money laundering and counter-terrorist regime were implemented. Amongst these was the inclusion of several new items to the list of entiti..
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Towards the end of 2022, several amendments and proposed changes to the structure of South Africa's anti-money laundering and counter-terrorist regime were implemented. Amongst these was the inclusion of several new items to the list of entiti..
We are writing to update you on the recent publication of the draft Privatization Bill which was made available for public participation. The bill, if passed, will replace the current P rivatization Act, 2005. The objective of the bill is to provide a revised regulatory f..
On 23 December 2022, the long-awaited Insurance Act, 2021 (new Act) came into force following the issuance of Commencement Order No. 83 of 2022 by the Minister of Finance and National Planning, Dr Situmbeko Musokotwane.
Amendments to FICA adding new accountable institutions to the Schedule were published on 29 November 2022. These came into effect on 19 December 2022, ahead of the possible grey-listing of South Africa by the Financial Action Task Force.
Fintech in Zambia is governed by various pieces of legislation, depending on the type of financial service offered. There is no single piece of legislation that governs the entire fintech industry. Generally, fintech is governed by the same laws that govern traditional fi..
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..
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..
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..
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.