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Fasken News

The full and informed consent of informal land right holders is required prior to the grant of a mining right

11th December 2018 Background The judgment comes after the following sequence of events: 

Draft Companies Amendment Bill

29th October 2018 The Department of Trade and Industry (“DTI”) has published the Companies Amendment Draft Bill (the “Bill”) for public comment. Interested parties may submit comments to the DTI by 20 November 2018. The Bill seeks to make amendments to Companies Act No. 71 of 2008 (the “Companies Act”). The reason... 

Metals streaming a viable alternative funding solution – Fasken

5th October 2018 Persistent volatility in commodity prices has made it increasingly difficult for mining companies to access debt and equity financing, which is why more mining companies may be considering entering into metals streaming agreements, as opposed to seeking traditional forms of finance, law firm... 

Kangnas Wind Farm and Perdekraal East Wind Farm, South Africa

21st September 2018 The Perdekraal East wind farm is preparing for the start of major construction activity. 
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Eskom evaluating bids for mortgage business

Cash-strapped power utility Eskom is evaluating bids for its finance company that specialises in mortgage lending to employees, its spokesman said on Friday. State-run Eskom is scrambling to keep the lights on in Africa's most advanced economy and has been implementing frequent controlled power... 

Ramaphosa appoints high-level Eskom sustainability task team to resolve problems

President Cyril Ramaphosa has appointed a high-level task team to come up with solutions to the many challenges that Eskom faces, the Presidency said in a statement on Friday. And as a signal of the urgency of its task, the President has asked the Eskom sustainability task team to submit initial... 
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