Africa Business In Brief
issue 454 | 26 Jun 2022
issue 454
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Zondo: clients suspected of illegal transactions should have a say before banks close their accounts
23 Jun 2022
BY Aslam Moosajee
Judge Zondo stated that it is unacceptable that banks should have no obligation to hear what a client has to say before the bank may close the client’s account on suspicion that the client may be involved in illegal or corrupt transactions
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No more masks, but can employers still enforce mask-wearing in the workplace?
23 Jun 2022
BY Lauren Salt
Employers should, before abandoning or maintaining mask-wearing in the workplace, consult their risk assessment.
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Verification of clients under FICA and the dangers of asking for too much
21 Jun 2022
BY Aslam Moosajee , Era Gunning , Jessica Blumenthal AND Shenaaz Munga
The recent case of Nedbank Limited v Houtbosplaas (Pty) Ltd and Another raises interesting considerations for accountable institutions aiming to comply with their obligations under FICA.
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High Court yet again sets aside adverse findings by the B-BBEE Commission
21 Jun 2022
BY Aslam Moosajee , Parusha Desai Valodia , Sanjay Kassen AND Shenaaz Munga
Corporates will be encouraged by this judgment which reinforces that the Commission must conduct its investigative proceedings in a manner that is fair and lawful.
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Financial Provision Regulations: extension to 19 September 2023
21 Jun 2022
The Minister of the DFFE, has extended the date for existing holders of rights or permits to comply with the Regulations pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations to 19 September 2023.
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Converting a private limited liability company into a limited liability partnership: key tax considerations
21 Jun 2022
BY Dieudonné Nzafashwanayo
The conversion of an LLC into an LLP may be attractive to many companies, but there are a number of tax aspects to consider, all of which remain unclear.
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tax in brief | issue 85
21 Jun 2022
tax in brief | issue 85
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Africa Business In Brief
issue 453 | 19 Jun 2022
issue 453
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Invitation for Public Comments/Written Representations on South Africa’s Draft Mine Health and Safety Amendment Bill, 2022
17 Jun 2022
Comments on the Draft Bill are due by 29 JUL 2022.
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Is commissioning an oath virtually the future for South African courts?
14 Jun 2022
COVID-19 and the movement restrictions that were imposed in South Africa during the lockdown made administering an oath in person difficult.
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Termination for causal events
14 Jun 2022
BY Ridwaan Boda
We delve into the termination for causal events, a clause found in a majority of contracts.
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Changes to court rules and directives
14 Jun 2022
BY Aslam Moosajee
On 3 June 2022, changes to the Magistrate’s Court, High Court and the SCA rules were published in the Government Gazette. These changes take effect from 8 July 2022.
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Is South Africa seeing the end of virtual hearings?
14 Jun 2022
BY Aslam Moosajee
In March 2020, much like all other professions, litigators had to adapt to a virtual world while also having to grapple with changing court directives and processes.
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President Ramaphosa appoints new B-BBEE Advisory Council to aid in economic transformation
14 Jun 2022
BY Sanjay Kassen AND Lungelo Mkhize
It is clear that the council has an opportunity to play a crucial role in the long-term recovery, reconstruction and the meaningful transformation of the economy.
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