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
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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10 Jul 2024
by Dane Kruger and Zakiya Shaik
Related parties under the CTSE listings requirements
The South African listed environment has significantly shifted in recent years due to the increased popularity, and viability, of newly licenced securities exchanges that provide an alternative to the JSE.
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24 Mar 2025
by Imraan Mahomed and Lee Masuku
Reinstatement - Does arrear remuneration prescribe?
The Labour Appeal Court (LAC) in Potgieter v Samancor Chrome Limited t/a Tubatse Ferrochrome (JA91/22) (10 March 2025) was again called upon to consider the question of prescription in the context of employment law, this time in respect of arrear remuneration.
Employment Law
7 min read
7 Mar 2025
by Jerome Brink and Dylan Greenstone
Understanding wealth tax: Viability and implications in South Africa
“ Eat the rich ” might sound like a radical slogan, but its origins are more philosophical than we may think. The phrase is often attributed to the 18th-century French philosopher Jean-Jacques Rousseau, who famously wrote, “ Quand les pauvres n’auront plus rien à manger, ils mangeront les riches! ” (“ When the poor have nothing more to eat, they will eat the rich! ”) While Rousseau’s words were metaphorical, they underscore a timeless truth, that extreme inequality can lead to social unrest. The concept of a wealth tax has been a recurring topic in South Africa’s tax policy discussions, particularly in light of the country’s growing budget deficit and wealth disparities. As policymakers explore potential revenue sources, the feasibility and implications of a wealth tax remain a subject of debate. This article looks at whether a wealth tax could be a viable solution for South Africa’s fiscal and inequality hurdles, focusing on its potential design, perceived benefits and implementation challenges.
Firm News
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26 Mar 2025
by Lebohang Mabidikane and Duran Naidoo
The DOJ and KKR: Know what to disclose and disclose it!
In January 2025, the US’ Department of Justice (DOJ) filed a complaint against KKR & Co. Inc. (KKR), alleging systematic violations of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The HSR Act requires parties to transactions that satisfy monetary thresholds, to provide premerger filings to the DOJ and the Federal Trade Commission. These filings enable the authorities to evaluate potential anticompetitive effects prior to the implementation of certain mergers
Competition Law
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5 Jun 2024
by Alistair Young and Anneri Du Preez
Big step towards greater protection of South Africa’s mega-biodiversity
South Africa is considered to be one of the world’s few megadiverse countries and contains high levels of endemism. The National Environmental: Biodiversity Act 10 of 2004 (NEMBA) was brought into effect 20 years ago, but despite the measures provided for in the NEMBA, the well-publicised exploitation of South Africa’s biodiversity has raged on. It therefore comes as no surprise that various legislative steps have now been initiated to introduce more progressive and diverse measures to protect and ensure the sustainable use of South Africa’s rich biodiversity. These steps culminated in the publication of the Biodiversity Bill by the Minister of Forestry, Fisheries and the Environment (Minister) on 24 May 2024, inviting the public to submit comments on the bill on or before 23 July2024.
Environmental Law
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22 May 2024
by Tayyibah Suliman and Lutfiyya Ramiah
Proposed directive on crypto transactions
South Africa’s cryptocurrency landscape may be in for a shift as the Financial Intelligence Centre (FIC) released a proposed directive regarding crypto assettransfers
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