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

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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ENSafrica

Using replacement labour when locking out employees "is in response to a strike" – what does this mean

A recent Constitutional Court case had to consider the circumstances where an employer had instituted a lock-out and utilised replacement labour in response to a strike.

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IBN Immigration Solutions

Trusted Employer Scheme Announced

During the annual South Africa Investment Conference (SAIC) on April 13, 2023, President Cyril Ramaphosa unveiled plans for an overhaul of the work visa system. The goal of this initiative is to attract the skills required to boost investment and achieve the president’s o..

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Webber Wentzel

South Africa's Potential Copyright Calamity

South Africa’s Copyright Amendment Bill and Performers Protection Amendment Bill could potentially harm rather than help the creative industry and needs serious reconsideration.

Copyright serves two broad functions in society. It reassures business and investors th..

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ENSafrica

Don’t have an “app”cident: SA and UK authorities crack down on employers for personal information breaches through apps

The need to protect personal information is becoming increasingly prevalent worldwide, and the consequences for failing to do so are becoming more stringent. Recently, the UK's Information Commissioner's Office reprimanded the Surrey and Sussex Police for data protection ..

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Cliffe Dekker Hofmeyr

Q&A on the Employment Equity Amendment

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 ..

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Werksmans Attorneys

The South African Reserve Bank announces South Africa’s first Deposit Insurance Body

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).

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Cliffe Dekker Hofmeyr

Understanding South Africa’s FATF greylisting

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..

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