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

Fasken

Unmasking trust ownership: The introduction of beneficial ownership registers in South Africa

Between April 2019 and June 2021, South Africa underwent a mutual evaluation of its anti-money laundering and counter-financing of terrorism controls, which culminated in the publication of the Mutual Evaluation Report (“MER”) by t..

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Adams & Adams

Back to College at the Supreme Court of Appeal

The Supreme Court of Appeal (SCA) of South Africa recently delivered a judgment in a trade mark infringement case between iCollege (Pty) Ltd (“iCollege”) and Xpertease Skills Development and Mentoring CC (“Xpertease”). The Court found that Xpertease’s use of a mark that c..

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ENSafrica

New resolution regime for designated institutions comes into effect

Banks and other financial institutions should take note of the new resolution framework that came into effect on 1 June 2023. These legislative changes stem from the global financial crisis and the Group of Twenty’s request that the Financial Stability Board provide a lis..

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Herbert Smith Freehills

Competition law block exemptions published for the South African energy sector

The Minister of Trade, Industry and Competition (MTIC) on Wednesday 24 May 2023 published the Energy Users Block Exemption and Energy Supplier Block Exemption.

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Webber Wentzel

South African crypto providers now caught in licensing net

South African regulators have now defined crypto as a financial asset. But what does it mean in practice?

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Adams & Adams

One work to rule them all?

Battle lines have recently been drawn, after fan fiction writer, Demetrious Polychron, filed a 250-million-dollar lawsuit against the Tolkien Estate and Amazon on the basis of copyright infringement. Mr Polychron claims that his novel The Fellowsip of the King, which draw..

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Webber Wentzel

Retrenched by HAL 9000: what employers should know before using AI in dismissals based on operational requirements

Employers using AI systems to identify employees for retrenchment need to be cautious of potential discrimination and should ensure that human bias is not systematised. Employers should consider the human-centred AI Principles adopted by the Organisation for Economic Co-o..

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ENSafrica

Beneficial Ownership Registry: A solution to financial crimes?

The recent amendments to section 55 of the companies act, 2008 have introduced a comprehensive definition of a "beneficial owner," encompassing ownership, control, and material influence over a company. In this article, we explore the potential impact of the new definitio..

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Bowmans

South Africa: Reference rate reform – the transition from Jibar to ZARONIA

The Market Practitioners Group (MPG) is a joint public and private sector body comprising representatives from the South African Reserve Bank (SARB), the Financial Sector Conduct Authority (FSCA), and senior professionals from a variety of institutions from different market ..
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