New resolution regime for designated institutions comes into effect
02 Jun 2023
BY Michael Katz , Matthew Morrison AND Daniel Torr
A new resolution framework effective from 1 June 2023 is systemically important for banks and financial institutions, and gives the South African Reserve Bank broad powers.
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Trustees under scrutiny: demystifying South Africa's legal changes for enhanced compliance
30 May 2023
BY Zeyn Bhyat , Deon Beachen , Era Gunning , Robert Gad AND Anika Wright
Following South Africa’s grey-listing by the Financial Action Task Force, trustees within South Africa are finding themselves navigating an increasingly complex legal landscape.
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The growing tide of ESG litigation: What's in store for Namibia?
30 May 2023
BY Vanessa Boesak
In recent years, there has been a significant global spike in litigation relating to a variety of Environmental, Social and Governance (“ESG”) issues.
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PAIA compliance and private bodies: The obligation of annual reporting
30 May 2023
BY Ridwaan Boda , Era Gunning AND Alexander Powell
The Promotion of Access to Information Act, 2000 (“PAIA”) plays a pivotal role in ensuring transparency and accountability in both public and private sectors.
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Responsible AI: embracing generative artificial intelligence technologies- a brief guide for organisations
30 May 2023
BY Ridwaan Boda AND Alexander Powell
If a company's stance on AI in the workplace is prohibitive or silent, it could lead to a situation of shadow IT.
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Can an employee of a Temporary Employment Service (“TES") sue the client of a TES for work-related injuries?
30 May 2023
As the modern workplace continues to evolve, temporary employment and the use of labour brokers have become increasingly common across a range of industries in South Africa.
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Labour law considerations when screening employees in terms of the FIC Directive 8 and PCC 55
30 May 2023
BY Prencess Mohlahlo AND Reitumetse Sebatana
Labour law considerations in screening employees in terms of the FIC Directive 8 and PCC 55
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ENSafrica formalises Public Law practice
30 May 2023
Following South Africa's Zondo Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, there is a heightened focus on public law to tackle prevalent issues facing South Africa.
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Africa Business In Brief
issue 498 | 28 May 2023
issue 498
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ENSafrica strengthens its Mauritian leadership with appointment of Deputy Department Heads
25 May 2023
BY Thierry Koenig SA
we are pleased to announce the appointment of Nashenta Vuddamalay Zindel and Shrivan Dabee as Deputy Heads of our Transactional department and of the Litigation department, in Mauritius, respectively.
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Uganda makes rules on enforceable netting
24 May 2023
BY Phillip Karugaba AND Rehema Nakirya Ssemyalo
Uganda has published rules to secure the enforceability of close-out netting under ISDA Master Agreement, GMRA and GMSLA contracts with financial institutions.
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Unlocking opportunities: Expanding Ghanaian presence in the petroleum industry
23 May 2023
Since the discovery of oil in commercial quantities in 2007, Ghana's petroleum industry has witnessed remarkable growth.
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Can a contracting party derive benefit from an unlawful contract?
23 May 2023
BY Aslam Moosajee
In a recent case involving a lease agreement, the Supreme Court of Appeal examined the question of whether the party benefiting from an unlawful contract should be obligated to repay the amounts received.
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Lessons in patient care: Negligence and accountability in the Gauteng health system
23 May 2023
BY Aslam Moosajee AND Olonathando Nxumalo
A recent court ruling has held the Gauteng MEC for Health accountable for a case involving the amputation of a patient's leg.
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The rise of sustainable finance in Namibia
23 May 2023
BY Cornelia Hausiku
The Government of Namibia has expressed its commitment to ensuring the effective implementation and achievement of the regional and international climate change agreements to which it is a party
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