Welcome to Africa’s legal blog

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

Baker McKenzie

PayShap - South Africa's first rapid payments program launched

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..

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Cliffe Dekker Hofmeyr

Fraudulent immovable property transfers: Fraud unravels all

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 ..

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Webber Wentzel

Unpopular employee - lessons for employers

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.

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Bowmans

Africa Guide to Cryptocurrencies

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.

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ENSafrica

Buy now pay later: A different kind of credit

In the past, when a consumer wanted to purchase a product on credit, they only had two options: they could either purchase the product using their credit card or buy the product through a lay-by option, the latter being the least preferred.

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Webber Wentzel

New accountable institutions have until 19 March to register with the FIC

Our Financial Regulation team recently prepared a client alert with details about entities that are deemed accountable institutions i..

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Werksmans Attorneys

The FAFT, trusts and transparency in South Africa

Over the past 10 years, there has been large-scale domestic and international financial fraud in South Africa. Sometimes, trusts and foundations are involved, including both South African and foreign trusts, as well as charitable trusts. This increase in cross-borde..

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Bowmans

South Africa: Grey-listing by the Financial Action Task Force

On 24 February 2023, the Financial Action Task Force placed South Africa on its ‘grey list’. This means that South Africa will be subject to increased monitoring by the FATF and is required to actively work to address identified deficiencies in its national legislation an..

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Werksmans Attorneys

The Competition Commission turnips the heat on fresh produce – 10 things you should know

On 14 February 2023, the Competition Commission of South Africa (“Commission”) published in the Government Gazette the final Terms of Reference (“ToR“) for its market inquiry into the Fresh Produce Market..

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