Africa Business In Brief
issue 515 | 24 Sep 2023
issue 515
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Non-joinders, substantial interest and party liability
19 Sep 2023
BY Aslam Moosajee AND Olonathando Nxumalo
The question of '"direct and substantial interest" in a non-joinder application lies in whether the relief sought, if granted, would prejudice the interest of another party that is not joined in the proceedings.
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An important judgment on the time bar in relation to B-BBEE regulations
19 Sep 2023
BY Aslam Moosajee
The High Court reviewed and set aside a decision by the B-BBEE Commission regarding a fronting complaint.
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Sureties and guarantors: A gap in the law of guarantees
19 Sep 2023
BY Michael Papas
Does a guarantor who pays the debt of a principal debtor to the latter’s creditor also enjoy this right of recourse? Surprisingly, existing law offers no answer.
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Judgments dealing with press freedom and “gag” orders in South Africa
19 Sep 2023
BY Aslam Moosajee
Attempting to interdict the media houses more often than not turns out to be a losing strategy, as it does not bring an end to defamatory claims and instead serves to reinforce them.
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Why companies need to properly document the loans they receive
19 Sep 2023
BY Phillip Karugaba
While loan documentation will seldom be an issue for commercial lenders, care should be taken to carefully document all loans taken from shareholders and less formal lenders, in order to avoid landing in hot water.
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Why South Africa should emulate Italy’s adoption of the new Italian Insolvency Code
19 Sep 2023
The new Italian Insolvency Code came into effect on 15 July 2022, effectively changing the status quo by attempting to resolve the financial distress of companies and minimise damage through restructuring outstanding debt
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Africa Climate Summit results in The Nairobi Declaration
19 Sep 2023
BY Binti Shah AND Minna Mumma
The inaugural Africa Climate Summit (“ACS") held in Nairobi earlier this month culminated with the adoption of the “African Leaders Nairobi Declaration on Climate Change giving one voice to the African continent regarding the climate change crisis.
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Can sustainable finance save our planet?
19 Sep 2023
BY Cheri Young AND Jessica Blumenthal
Financial institutions play a critical role in ensuring that the correct projects are funded, and appropriate risk-mitigation measures are implemented to buffer economies from the worst effects of climate change.
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Digital giants under the spotlight: South Africa's news media market inquiry
19 Sep 2023
The Media and Digital Platforms Inquiry (MDPMI) could significantly reshape the South African media landscape.
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ENS statement regarding Jonathan Barron Rothschild
19 Sep 2023
ENS statement
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Tax in brief | Issue 108
19 Sep 2023
Tax in brief | Issue 108
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The shifting definition of security in the cryptocurrency era and the impact of the Insolvency Act
18 Sep 2023
BY Ayesha Khan
Although cryptocurrency may be an accepted form of currency in the future, creditors should remain sceptical of accepting cryptocurrency as security
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Africa Business In Brief
issue 514 | 17 Sep 2023
issue 514
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Rwanda: The Office of the Registrar General sets hard deadline for disclosing beneficial ownership information
14 Sep 2023
BY Dieudonné Nzafashwanayo
The deadline for important compliance requirements affecting all companies and registered business entities in Rwanda is looming.
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