Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE

Watch Howmera Parak and Puleng Mothabeng talk about empowering women in tax as a catalyst for change

Watch, as Howmera Parak and Puleng Mothabeng explore how increasing women's representation can drive encourage more women to pursue a career in tax and offer practical advice to young women aspiring to enter the profession.

The dispute resolution landscape for the mining industry in South Africa

South Africa, a country rich in minerals, presents significant opportunities, as well as challenges, for international investors seeking to invest in South Africa and beneficiate minerals for the good of the local and global economies. Investment in South African minerals, whether in the form of debt funding or equity, requires knowledge and understanding of the context and legal frameworks within which such investment is made.

The impact of the Climate Change Act on the mining sector

The Climate Change Act 22 of 2024 (Act) was signed into law on 23 July 2024, which represents a key development in the country’s ongoing commitment to tackling environmental consequences from climate change. Although its date of commencement still awaits proclamation in the Government Gazette , industry stakeholders must take note of the Act’s intended objectives and implications once it becomes effective. Staying informed now will help ensure compliance and alignment with broader climateobjectives. 

Value-added tax in land transactions: Lessons from the Sayani Investments case

The charging of value-added tax (VAT) on the sale of land, whether developed or undeveloped, has long been a subject of contention in Kenya’s tax regime. In the recent case of Sayani Investments Limited v Commissioner of Legal Services & Board Coordination (Tax Appeal E448 of 2023), the Tax Appeals Tribunal (Tribunal) provided much-needed clarity on this issue. The Tribunal held that for VAT purposes, the sale of land, including land with a structure (whether a commercial or residential building), is exempt from VAT under Part II, Paragraph 8 of the First Schedule of the VAT Act (Cap.476). This landmark decision highlights the importance of carefully interpreting tax provisions to ensure compliance and avoid unnecessary disputes.

Deferred purchase price and interest in share sale agreements: The National Credit Act

The National Credit Act 34 of 2005 (NCA) is not a piece of legislation that springs to mind when negotiating share sale transactions. This is mainly since share sale transactions typically do not constitute credit agreements and, if they do (due to payment deferral provisions), the NCA still wouldn’t apply where the purchaser (being the “ credit consumer ”) is a juristic person whose annual turnover or asset value equals or exceeds R1 million or where the purchase price is R250,000 or more, and the purchaser’s annual turnover or asset value is below R1million. 

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