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eDiscovery – are you seeing the whole picture
7 December 2018 Dispute Resolution

eDiscovery – are you seeing the whole picture

Zaakir Mohamed, Director in the Corporate Investigations Sector of our Dispute Resolution practice, participated in an expert panel discussion titled "eDiscovery – are you seeing the whole picture"

Increased minimum wage for domestic workers
5 December 2018 Employment

Increased minimum wage for domestic workers

The minimum wage for domestic workers was increased from 3 December 2018. This is as a result of an amendment to the sectoral determination which establishes minimum wages for employees in the Domestic Worker Sector. Employers paying below the minimum wage will have to increase the amount that they pay domestic workers.

Towards the regulation of virtual currencies?
5 December 2018 Corporate & Commercial

Towards the regulation of virtual currencies?

The increasing use of crypto-currencies worldwide over the past decade or so has generated a fair bit of interest, not least of which being that of the Financial Action Task Force (FATF). This inter-governmental body comprising over thirty members (including South Africa) sets global standards (Recommendations) aimed at eradicating money laundering and the financing of terrorism (MLFT), amongst others. It does so by enjoining each member to enact legislation that tailors the Recommendations to fit its peculiar domestic circumstances, on pain of economic ostracisation by the other members.

A proposal is not a marriage, nor a merger
4 December 2018 Competition

A proposal is not a marriage, nor a merger

Once a shareholder has announced a firm intention to acquire control of a target firm, can it still exercise its existing voting rights, or could this put the shareholder at risk of the prior implementation of a merger?

Increase to South African merger filing fees
4 December 2018 Competition

Increase to South African merger filing fees

On 4 December 2018, the Minister of Economic Development, Ebrahim Patel, published the amendment to Rule 10(5) of the Rules for the conduct of proceedings in the Competition Commission.

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Towards the regulation of virtual currencies?
5 December 2018 Corporate & Commercial

Towards the regulation of virtual currencies?

The increasing use of crypto-currencies worldwide over the past decade or so has generated a fair bit of interest, not least of which being that of the Financial Action Task Force (FATF). This inter-governmental body comprising over thirty members (including South Africa) sets global standards (Recommendations) aimed at eradicating money laundering and the financing of terrorism (MLFT), amongst others. It does so by enjoining each member to enact legislation that tailors the Recommendations to fit its peculiar domestic circumstances, on pain of economic ostracisation by the other members.

A proposal is not a marriage, nor a merger
4 December 2018 Competition

A proposal is not a marriage, nor a merger

Once a shareholder has announced a firm intention to acquire control of a target firm, can it still exercise its existing voting rights, or could this put the shareholder at risk of the prior implementation of a merger?

Increase to South African merger filing fees
4 December 2018 Competition

Increase to South African merger filing fees

On 4 December 2018, the Minister of Economic Development, Ebrahim Patel, published the amendment to Rule 10(5) of the Rules for the conduct of proceedings in the Competition Commission.

Will drunk driving cost me my job?
3 December 2018 Employment

Will drunk driving cost me my job?

1 December of each year officially marks the commencement of “the festive season” or, as some like to say, “the season to be jolly”. The festive season is often characterised by overspending and excessive consumption, fuelling New Year’s resolutions including self-made promises to either join a gym or utilise an existing membership more frequently than the preceding year.

Amendments to labour legislation signed into law by the President
3 December 2018 Employment

Amendments to labour legislation signed into law by the President

On 27 November 2018, the President of the Republic of South Africa signed various amendments to labour legislation into law. These amendments have been formally published in the Government Gazette for general information. The commencement date for the amendments is yet to be announced. This means that the amendments are not yet in force. The amendments will become law once the commencement date is formally announced in the Government Gazette.

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Africa's contrasts - (re)emerging trends of mining in Africa
10 September 2018 Mining & Minerals

Africa's contrasts - (re)emerging trends of mining in Africa

It has been said that "the greater the contrast, the greater the potential. Great energy only comes from a corresponding great tension of opposites" (Carl Jung). While this was not said in connection with Africa, it certainly finds apt application in the African mining industry, given that the majority of African countries' exports and gross domestic product ("GDP") indicators relate to their natural resources; contrasted with various factors that results in untapped potential. In this article we wish to highlight the trends in the mining industry that have been developing throughout Africa and the impact that this can have on M&A deals in this industry.

We mourn the passing of Ma'm Winnie
3 April 2018

We mourn the passing of Ma'm Winnie

As we mourn the loss of another South African heroine, Ma’m Winnie Madikizela-Mandela, we ought to consider what she has meant to all of us South Africans, and how her memory may serve to embolden and enrich the pursuit of a better life for all - fundamentally – the pursuit of social justice, in our country.

Ignorance is not bliss: A recent judgment about understatement penalties and a caution to taxpayers
23 March 2018 Tax & Exchange Control

Ignorance is not bliss: A recent judgment about understatement penalties and a caution to taxpayers

In the recent matter of Mr A & XYZ CC v The Commissioner for the South African Revenue Service (Case Nos IT13725 & VAT1426, IT13727 & VAT1096), which involved four combined cases, the South African Revenue Service (SARS) issued assessments to Mr A and XYZ CC (Taxpayers) relating to income tax for the 2007 to 2012 years of assessment and Value-Added Tax (VAT) for the 2006 to 2013 periods.

Domestic treasury management companies
23 March 2018 Tax & Exchange Control

Domestic treasury management companies

In 2013, the South African government introduced the domestic treasury management company (DTMC) regime to enable South African companies, which are registered with the Financial Surveillance Department (FSD) of the South African Reserve Bank (SARB), to expand into the rest of Africa and abroad. The DTMC regime allows South African companies to establish one subsidiary as a holding company to hold African and offshore operations, without being subject to exchange control restrictions.

Cliffe Dekker Hofmeyr recognised as leading firm for M&A and Corporate Finance deals in 2017
13 March 2018 Mergers & Acquisitions

Cliffe Dekker Hofmeyr recognised as leading firm for M&A and Corporate Finance deals in 2017

Cliffe Dekker Hofmeyr (CDH) has been recognised by DealMakers as the local law firm that has consistently advised on the most number of M&A deals in South Africa. The firm clinched the prestigious M&A Deal Flow award for the ninth consecutive year – with deals totalling R119,576 billion in value – at the annual DealMakers Awards. CDH was awarded second place in the M&A Deal Value category. The firm also achieved notable M&A Deal Flow and Deal Value rankings in the BEE and Africa categories.

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Verushca Pillay discusses the Vodacom and YeboYethu BEE deal
21 September 2018 Corporate & Commercial

Verushca Pillay discusses the Vodacom and YeboYethu BEE deal

Verushca Pillay, Director in our Corporate & Commercial practice joined the Power Lunch Show on CNBC Africa to talk about the BEE transaction between Vodacom and YeboYethu. Over the last 10yrs, through the YeboYethu B-BBEE deal, more than 85 000 South Africans were empowered – an initiative we couldn’t be more proud to be a part of. This is the biggest BEE deal in the ICT sector to date – in which CDH was lead legal advisor to both Vodacom and YeboYethu.

Largest BEE deal in ICT sector drives transformtion
17 September 2018 Corporate & Commercial

Largest BEE deal in ICT sector drives transformtion

For 25 years, CDH has worked with Vodacom to change the lives of South Africans. Over the last 10 years, through the YeboYethu B-BBEE deal, more than 90,000 South Africans were empowered with shares on the JSE. We caught up with some of the shareholders to find out what this landmark deal means to them.

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New labour legislation passed by Parliament
17 September 2018 Employment

New labour legislation passed by Parliament

Shane Johnson, Professional Support Lawyer in our from Employment practice, joined Michael Avery on Classic FM to discuss the new labour legislation that has been passed by Parliament.