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Lockdown has heightened risk of counterfeit components

By: Cameron Mackay 22nd January 2021 The national lockdown last year has significantly impacted on the circulation of original, as well as counterfeit, automotive components, says law firm Spoor & Fisher partner Paul Ramara. This can largely be attributed to the restrictions in place during the various levels of lockdown,... →

BMO, Linklaters among the world's top mining M&A advisers

By: Marleny Arnoldi 14th January 2021 BMO Capital Markets has been named the top mergers and acquisitions (M&A) financial adviser in the global mining sector for 2020 by value, while Linklaters and Black Cassels & Graydon were the top M&A legal advisers by value and volume, respectively. BMO advised on 13 deals worth $4.8-billion. →

M&A challenges remain, but so do lessons – law firm

By: Marleny Arnoldi 12th January 2021 Global law firm Herbert Smith Freehills (HSF) says many of last year’s uncertainties that impacted merger and acquisition (M&A) activity will remain this year. HSF global M&A head Gavin Davies says the significant regional and global questions from 2020 have not gone away, although some have... →

FSCA publishes crypto asset draft declaration

By: Donna Slater 7th January 2021 The Financial Sector Conduct Authority (FSCA) has published for comment a draft declaration on crypto assets as a financial product in terms of the Financial Advisory and Intermediary Services Act of 2002 (FAIS). The FSCA also published a statement in support of the draft declaration, with the... →

Competition Commission publishes final automotive aftermarket guidelines

By: Donna Slater 11th December 2020 The Competition Commission has issued its final Guidelines for Competition in the South African Automotive Aftermarket, which are now available on the commission’s website and which will take effect from July 1, 2021. The guidelines were prepared in terms of Section 77 of the Competition Act (89... →

Payment of compensation to Ford Kuga owners finalised

By: Tasneem Bulbulia 26th November 2020 The National Consumer Commission (NCC) says the payment of compensation under a settlement agreement entered into between the NCC and Ford Motor Company South Africa, which was made an order by the National Consumer Tribunal (NCT) in March this year, has been finalised. Under the terms of the... →

Economy to affect home builders more

By: Mamaili Mamaila 13th November 2020 The effects of Covid-19 and the sluggish economy remain the biggest challenge for the civil engineering and construction sectors. →

SONGEZO BOOI After almost 12 years, the home-building industry is still struggling to reach its former peak

Tungsten launches Quantura alternative litigation funding model in South Africa

By: Tasneem Bulbulia 5th November 2020 Global engineering and construction claims consultancy Tungsten Capital has launched its Quantura subsidiary in South Africa, through which it will provide an alternative method of funding and developing commercially viable construction and engineering claims. Allardyce & Partners Attorneys... →

Private-sector investment key amid challenges

By: Mamaili Mamaila 30th October 2020 From an economic perspective, the Covid-19 pandemic has not affected countries in Africa, apart from South Africa, as much as countries on other continents. →

GET IT TOGETHER While there is so much potential in Africa, political certainty is required in conjunction with more streamlined procurement processes

Mazars reengineers itself to meet changing market demands

By: Donna Slater 27th October 2020 Tax, audit and advisory firm Mazars has unveiled its new global brand identity in more than 90 countries and territories including South Africa, marking a key milestone in the firm’s evolution. Mazars has been operating in South Africa since 2007 serving large listed, multinational and privately... →

Proactive national water programme on the cards

By: Halima Frost 16th October 2020 The Development Bank of Southern Africa (DBSA), in partnership with various government departments, is addressing the country’s water woes with the development of a proactive national water programme that aims to offer tangible solutions to municipalities, the relevant government departments and... →

DBSA disruption specialist Johann Lübbe and infrastructure finance specialist Konstant Bruinette discuss the progress being made on a new national water programme that the DBSA is developing.

SACU Ministers commit to industrialisation

By: Tasneem Bulbulia 22nd September 2020 Finance Minister Tito Mboweni chaired the fourth joint Finance and Trade Ministers’ virtual Ministerial Retreat meeting on September 21. The participating Ministers agreed on refined development priorities for the Southern African Customs Union (SACU) within the changing global and regional... →

Industry’s wings seemingly clipped

By: Mamaili Mamaila 11th September 2020 South Africa’s economy is hanging by a thread and this has presented massive challenges for the local aerospace industry, says aircraft design organisation Aerodesigns Africa director Murray Spoelstra. →

GLOBAL SIGHTS SET Similar to the local automotive industry that is manufacturing for European countries, so must there be opportunities to manufacture aircraft under licence for foreign companies

Competition Tribunal dismisses case against I&J

By: Tasneem Bulbulia 7th September 2020 The Competition Tribunal has dismissed a case of alleged cartel conduct against processed frozen foods company Irvin & Johnson (I&J) owing to a lack of evidence. The Competition Commission had accused I&J and beef processing company Karan Beef of allegedly dividing markets in the supply of... →

M&As, JV activity continues, despite Covid-19 restrictions

By: Simone Liedtke 2nd September 2020 Mergers and acquisitions (M&As) and joint ventures (JVs) are expected to continue over the next 12 months, but some changes to usual due diligence process might be needed. In a Mines and Money-hosted webinar and panel discussion on September 2, Harvey Law Group foreign registered lawyer Amelia... →

Civil society organisations urge leaders to tackle corruption

By: Donna Slater 1st September 2020 In an open letter addressed to President Cyril Ramaphosa and Finance Minister Tito Mboweni, Corruption Watch executive director David Lewis and Public Affairs Research Institute executive director Dr Mbongiseni Buthelezi urge the leaders to tackle corruption by taking advantage of the current... →

ICA notes slow progress in Business Interruption claims process ahead of court case

By: Tasneem Bulbulia 26th August 2020 There has been slow progress on the Covid-19 Business Interruption claims process ahead of the September 1 court case, specialist loss adjustment firm Insurance Claims Africa (ICA) noted during a webinar on August 26. The company is representing more than 700 clients in the tourism and... →

Noncarbon future epitomises ideal energy mix

By: Mamaili Mamaila 21st August 2020 In about 2060, the ideal energy mix would be one with only non-carbon sources, such as wind, solar, pumped hydro and hydrogen, says global energy advisory UL. →

JAMES TRUDEAU It is “very critical” that Eskom increases its energy storage capacities to support a more diversified energy portfolio

Parliament hears recommendations on amending copyright, performers protection Bills

By: Donna Slater 19th August 2020 In seeking to amend the Copyright Act of 1978 and the Performers’ Protection Act of 1967, Parliament, on August 18, began the process of considering certain Constitutional concerns relating to the Copyright and Performers’ Protection Amendment Bills previously passed by the National Assembly and... →

Eskom, SIU issue summonses to recover State capture funds

By: Donna Slater 3rd August 2020 State-owned power utility Eskom and the Special Investigating Unit (SIU) on August 3 issued summonses in the North Gauteng High Court to recover funds from former Eskom executives, board members and members of the Gupta family and their associates, as well as others. "The funds were lost in a... →

Section 12J amendments muddying investment waters, says law firm

By: Donna Slater 17th July 2020 Ongoing amendments to the Section 12J Income Tax Act have left investors at risk as to whether the companies in which they have either invested, or hope to invest, continue to qualify, law firm CMS South Africa partner and tax co-head Andrew Wellsted tells Engineering News. Section 12J was... →

CMS South Africa partner and tax co-head Andrew Wellsted

Court ruling goes against insurers on Covid-19 claims, but they remain stubborn

By: Rebecca Campbell 17th July 2020 The Western Cape High Court recently ordered insurance company Guardrisk to pay the business interruption claims of Cape restaurant Cafe Chameleon. The ruling was welcomed by specialist public loss adjustment firm Insurance Claims Africa (ICA). “This is a significant win for the tourism and... →

Tribunal fines Dis-Chem R1.2m for excessive pricing of face masks

By: Tasneem Bulbulia 7th July 2020 The Competition Tribunal has ordered pharmacy group Dis-Chem Pharmacies to pay an administrative penalty of R1.2-million for allegedly charging excessive prices for surgical face masks during the Covid-19 pandemic. The tribunal says Dis-Chem contravened Section 8(1)(a) of the Competition Act in... →

CoJ council has until Friday to approve budget

By: Sane Dhlamini 6th July 2020 Gauteng Cooperative Governance MEC Lebogang Maile has urged the City of Johannesburg Municipal Council to put the interest of the residents of the City first following its failure to approve an annual budget for the start of the municipal financial year 2020/21. The Gauteng Provincial Executive... →

Tribunal confirms two more consent agreements for excessive pricing

By: Tasneem Bulbulia 3rd July 2020 The Competition Tribunal has confirmed two further consent agreements relating to Covid-19 excessive pricing complaints. This brings the total number of consent agreements, confirmed as orders of the tribunal since April to 20. →

Insurers’ rejection of Covid-19 claims severely impacting tourism, hospitality sectors

By: Tasneem Bulbulia 1st July 2020 The South African tourism and hospitality sector has been “decimated” by the Covid-19 pandemic and subsequent lockdown, and jobs and businesses are at risk owing to insurance companies continuing to reject claims related to the Covid-19 pandemic. This was indicated by specialist public loss... →

Insurance Claims Africa CEO Ryan Woolley provides an overview and update of the process of Insurance Claims Africa’s acting on behalf of almost 500 claimants in the tourism and hospitality sector, against a number of large insurers who are rejecting business interruption claims related to the Covid-19 pandemic

Time has come for all stakeholders to uplift South Africa’s youth, says PwC

By: Donna Slater 10th June 2020 South Africa’s lockdown restrictions are easing in the wake of the Covid-19 pandemic, but its impact on the economy will be long-lasting and challenging, and it remains an important time for business, government, educators, nongovernment organisations and other stakeholders to uplift the... →

PRASA dismisses four senior officials over procurement irregularities

By: Donna Slater 8th June 2020 Following allegations of impropriety in the awarding of security-related tenders, and a disciplinary inquiry, the Passenger Rail Agency of South Africa (PRASA) has dismissed four senior officials in its protection services department, who have been found guilty of alleged procurement... →

Concrete batchers training in the works

By: Mamaili Mamaila 5th June 2020 The Concrete Institute’s (TCI’s) School of Concrete Technology is planning to offer a special one-day course for concrete batchers and batch plant staff in the second half of 2020. →

THE WHOLE BATCH Batching ensures high and uniform quality of readymix concrete for each batch produced by a batching plant

Solidarity issues letter of demand to stop pension funds going to Eskom

By: Donna Slater 4th June 2020 With a letter of demand addressed to the Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC), labour union Solidarity instituted legal steps to stop the exchange of Eskom debt for Eskom shares, on June 4. In doing so, Solidarity demands that plans by the PIC to... →

SA banks ready to assist distressed businesses amid Covid-19 pandemic

By: Sane Dhlamini 3rd June 2020 Global law firm DLA Piper, which has advised the Banking Association South Africa and South Africa’s biggest banks on the country’s loan guarantee scheme, has announced that the banks are ready to receive loan applications from businesses impacted by the coronavirus. The loan scheme, which was... →

Bowmans into Malawi, Zambia amid pandemic

By: Sane Dhlamini 1st June 2020 Law firm Bowmans has expanded its services to Malawi and Zambia despite the coronavirus (Covid-19) pandemic that is crippling the world economy. The announcement comes less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa &... →

Tribunal confirms another excessive pricing consent agreement

By: Donna Slater 22nd May 2020 The Competition Tribunal has approved a consent agreement relating to the alleged excessive pricing of face masks in the context of Covid-19, with two related companies to jointly pay an administrative penalty of R1.5-million.  The companies, Sicuro Safety and Hennox Supplies, have also... →

Tribunal approves more excessive pricing consent agreements

By: Tasneem Bulbulia 7th May 2020 The Competition Tribunal has approved two more consent agreements with a company accused by the Competition Commission of charging excessive prices for essential products. The Van Heerden Pharmacy Group has agreed to pay a R30 000 settlement and to make a further donation to the national... →

Tribunal approves consent agreement with fresh produce supplier

By: Tasneem Bulbulia 4th May 2020 A supplier of fresh produce in Kempton Park, Gauteng, has agreed to donate hand sanitisers to the Tembisa Provincial Hospital, after having been accused by the Competition Commission of charging excessive prices for hand sanitisers. In a consent agreement entered into with the commission,... →

Lawtons highlights Covid-19 personal information and surveillance risks

By: Donna Slater 30th April 2020 In response to the management and containment of Covid-19 in South Africa, the Information Regulator, established in terms of the Protection of Personal Information Act, has issued a guidance note on the processing of personal information of data subjects – the person whose personal information... →

Lockdown demands CIPC must rescind delay of business rescue filing – law firm

By: Tasneem Bulbulia 30th April 2020 The national coronavirus-related lockdown has put many companies into financial distress, but recent notices from the Companies and Intellectual Property Commission (CIPC) are delaying the business rescue process and, in fact, fall to be set aside on review, says law firm Knowles Husain Lindsay.... →

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