Our team acts for a leading South Africa-based financial advisory services company
Our team acts for a leading South Africa-based financial advisory services company in opposing a class action suit launched against several respondents who represent classes of shareholders in a defunct manufacturing and retail group.
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Pre-closing merger notifications to the Egyptian Competition Authority are now mandatory
Transactions constituting “ economic concentrations ” now require pre-closing clearance in Egypt. Egypt has substantially altered its merger control regime by amending the Protection of Competition and Prohibition of Monopolistic Practices Law 3 of 2005 (Competition Law) on 30 December 2022.
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4 Sep 2023
by Jean Ewang, Iva Babayi and Phetheni Nkuna
Mental Health in the workplace: Constructive dismissal based on mental ill health?
In the post covid landscape there has been a warranted increased awareness on mental health in the workplace. In Sanlam Life Insurance Ltd v Mogomatsi and Others (CA 12/2022) , the Labour Appeal Court (LAC) considered the interplay between a claim for constructive dismissal and mental health.
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14 Aug 2023
by JJ van der Walt and Taryn York
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12 Oct 2023
by Nicholas Carroll
Adjusting a definition
The circular reference error is a scourge that has plagued many tax practitioners’ spreadsheets since the amendment to section 20 of the Income Tax Act 58 of 1962 (ITA) at the end of 2021. This amended section 20 dictates that it can only be applied once all other sections of the ITA have been applied. However, a similar provision appears in the definition of “ adjusted taxable income ” in section 23M, the result being a conflict between the two sections and the question of which to apply first?
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20 Sep 2023
by Vivien Chaplin, Menachem Gudelsky and Gaby Wesson
Recent amendments to South Africa’s non-profit organisation legislation in response to the FATF greylisting
In 2021, the Financial Action Task Force (FATF) released its Mutual Evaluation Report of South Africa, which summarised the effectiveness of South Africa’s anti-money laundering and counter-terrorism financing measures.
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