Never miss a beat on Africa's legal and regulatory landscape.
President Cyril Ramaphosa has signed into law the Employment Equity Amendment Act 4 of 2022. The Act amends the Employment Equity Act of 1998 (Act 55 of 1998) with new measures to promote diversity and equality in the workplace. The effective date is yet to be proclaimed ..
The South African Reserve Bank (SARB) announced the establishment of the Corporation for Deposit Insurance (CODI) – the first bank deposit insurance body in South Africa – in its media statement dated 3 April 2023 (Media Statement).
On 24 February 2023, the Financial Action Task Force (FATF) took the decision to include South Africa on its "grey list", thereby classifying it as a jurisdiction under increased monitoring. This decision follows the mutual evaluation report published by the FATF in..
On 29 March 2023, the DHA provided a new blanket temporary extension of foreign nationals' current visa status from 31 March 2023 to 31 December 2023 for those awaiting the outcomes of their visa and waiver applications.
National Treasury proposed in the February 2023 Budget that it intends to align the obligations on South African and foreign employers, which creates certain practical issues.
The South African Reserve Bank (SARB) has announced the launch of South Africa's real-time rapid payment platform called PayShap. PayShap aims to offer a cost-effective, convenient and instant payment service across banks, a proxy service to simplify the identification in..
The recent judgment handed down by Judge Adams in Botha NO v Leboko-Radebe and Others (16835/2021) [2022] ZAGPJHC 724 (22 September 2022), in the High Court Gauteng Division, Johannesburg, considered whether fraud should ..
In Zimbini Makuleni v Standard Bank of South Africa Ltd and Others , the Labour Appeal Court (LAC) determined whether an employer could dismiss an employee for misconduct where the facts demonstrated that they were an unpopular boss.
Although regulators around the world remain sceptical about recognising virtual currencies as legal tender, cryptocurrencies are already an established phenomenon and are here to stay.
