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

Bowmans

South Africa: National Budget Speech, 2022 – Highlights

Today, 23 February 2022, South African Finance Minister Enoch Godongwana delivered his inaugural Budget Speech. Due to a growth in tax-revenue, largely thanks to strong commodity prices, the Minister announced several tax relief measures to assist in the country’s economi..

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Bowmans

South Africa: New earnings threshold and minimum wage to come into effect on 1 March 2022

On 1 March 2022, we will see the implementation of an increased annual earnings threshold in the amount of ZAR 224 080.48 per annum and an increased national minimum wage in the amount of ZAR 23.19 per hour worked. 

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ENSafrica

What you need to know about NFTs and smart contracts

A non-fungible token, often referred to as an NFT, is a digital asset that represents real-world objects such as art, music, and videos on a blockchain. Some examples of NFTs include the Nyan Cat gif, Twitter founder Jack Dorsey's first original tweet, and a video o..

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IBN Immigration Solutions

Corporates, HR Managers and Assignees – Everything you Need to Know About the New Critical Skills List

 

South Africa’s new Critical Skills List came into effect on 2 February 2022. Around 70 roles were removed from the list and new roles were added.

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ENSafrica

Mandatory vaccinations in the workplace: SA’s CCMA hands down an important decision

South Africa’s primary dispute resolution body, the Commission for Conciliation, Mediation and Arbitration (“CCMA”) has issued its first award in respect of an employee refusing to vaccinate in the face of the employer’s mandatory vaccination policy.

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Cliffe Dekker Hofmeyr

A retrospective on the Economic Freedom Fighters’ involvement in labour matters

The imposition of the Economic Freedom Fighters (EFF) has become a common occurrence in the South African workplace. The Labour Court has, however, already taken a strong stance against the EFF in two..

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Webber Wentzel

Tax consequences of riot insurance payments | Tax Chronicles

​Businesses that are able to claim from the South African Special Risks Insurance Association (Sasria) for damage to premises or equipment from the July 2021 unrest need to be aware of the tax implications of payouts.

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Fasken

Expropriation without compensation – it is not the end of the road and is still on the table

In a significant development in the land reform debate, the National Assembly on 7 December 2021 failed to pass a resolution to amend the South African Constitution to specifically allow land expropriation without compensation. The failure to adopt the constitutional amen..

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ENSafrica

The regulation of open banking in South Africa

“Open banking” involves the use of an application programming interface (“API”) and open-source technology to allow third-party developers, such as fintechs, to access data traditionally held by banks and develop applications or services around such data.

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