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The implications of OFAC sanctions on the Guptas

forensics

15 Oct 2019
BY Steven Powell AND Edward James

Ajay Gupta, Atul Gupta and Rajesh Gupta and their close associate Salim Essa, sanctioned for their alleged involvement in what was described as a “significant corruption network”
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tax in brief | issue 37

tax

15 Oct 2019

tax in brief | issue 37
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privacy in brief | issue 1

15 Oct 2019

privacy in brief | issue 1
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Africa Business In Brief

issue 326 | 14 Oct 2019

issue 326
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Ugandan High Court sets guidelines for mortgagees exercising their right of sale of mortgaged property

African regulatory and business intelligence

08 Oct 2019
BY Phillip Karugaba AND Anita Kenyangi

A recent Ugandan High Court decision has set out good practice requirements for a mortgagee in exercising their right to sell mortgaged land upon default by a mortgagor.
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Section 200B of the Labour Relations Act: The Labour Appeal Court’s interpretation

employment

08 Oct 2019
BY Siphamandla Dube

One of the important amendments to the Labour Relations Act, 1995 (“LRA”) which came into effect on 1 January 2015 was the insertion of section 200B into the LRA. Section 200B of the LRA provides that:
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Why a comprehensive Incident Response Plan is worth the hack

technology, media and telecommunications (TMT)

08 Oct 2019
BY Ridwaan Boda , Era Gunning AND Nicole Gabryk

South Africa has seen a massive spike in cyber-attacks in recent years, with a 22% increase in the first quarter of 2019 alone (according to Kaspersky Lab, a global security company).
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“Internet Censorship Bill” signed into law

08 Oct 2019
BY Wilmari Strachan AND Jessica Steele

On 2 October 2019, President Cyril Ramaphosa signed the Films and Publications Amendment Bill (“the Bill”) into law.
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ENSafrica facilitates the launch of Franklin Templeton hedge funds in South Africa

banking and finance

08 Oct 2019
BY Jessica Blumenthal

Previously, foreign funds utilising leverage as an investment strategy were not permitted to solicit investment in South Africa.
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Africa Business In Brief

issue 325 | 07 Oct 2019

issue 325
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tax in brief | issue 36

01 Oct 2019

tax in brief | issue 36
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tax treatment of capitalisation of interest in Rwanda

tax

30 Sep 2019
BY Dieudonné Nzafashwanayo

Financing transactions often involve the capitalisation of interest, i.e. adding unpaid interest to the principal loan amount, which increases the principal amount on which interest subsequently accrues.
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Africa Business In Brief

issue 324 | 30 Sep 2019

issue 324
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Zambia sales tax abandoned

tax

30 Sep 2019

The Zambian Minister of Finance in his 2020 Budget Speech of Friday, 27 September 2019, announced that the government is abandoning its plans to replace value added tax (“VAT”) with sales tax.
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Health Market Inquiry - presentation of the final findings and recommendations

competition/anti-trust

30 Sep 2019

The Health Market Inquiry (“HMI”) today released its final findings and recommendations pursuant to its almost six year long investigation into the healthcare industry.
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