We reviewed the facility agreement and advised them on the structure of the financing.
This deal is significant because Deevabits is a social enterprise that distributes solar products to off-grid rural areas in Kenya using last-mile distribution approach.
You might also be interested in
5 Jun 2023
by Jose Jorge and Taryn York
Warning! Zimbabwean Exemption Permits expire on 30 June 2023
In just under 4 weeks, all Zimbabwean Exemption Permits ("ZEP") will expire. In just under 4 weeks, all Zimbabwean Exemption Permits ("ZEP") will expire. The expiry of these ZEPs will undoubtedly affect the lives of millions of Zimbabwean nationals who have contributed, and who continue to contribute so much to the South African economy.
8 Jun 2023
by Clive Rumsey and Sethu Khumalo
Dispute resolution within construction and engineering: Mediation
Construction & Engineering Law experts Clive Rumsey and Sethu Khumalo joined CDH Conversations where they discussed mediation as a form of dispute resolution within the construction and engineering sector, as part of their three-part podcast series.
Construction & Engineering
31 Jan 2023
by Samantha Kelly
Mixed-use schemes: Is it fair for owners of residential units to have different voting rights to the owners of commercial units within the same sectional title scheme?
This question was considered in the case of Rampul v Trust ees of Mangrove Beach Centre Body Corporate and Others (9823/2022P) ZAKZPHC 81 (15 December 2022).
Real Estate Law
3 min read
13 Mar 2023
Protecting an individual's right to strike amidst widespread violence
On 13 March 2023, the Labour Appeal Court (LAC) handed down a judgment in an urgent appeal against the judgment and order of the Labour Court handed down a week earlier that interdicted the national public service strike called upon by the National Education, Health and Allied Workers' Union (NEHAWU).
2 min read
10 May 2023
by Amore Carstens and Megan Rodgers
Integrated Energy Planning: Commencement of section 6 of the National Energy Act
The National Energy Act 34 of 2008, assented to by the President in 2008 (Energy Act), is but one of many attempts to ensure uninterrupted supply of energy to South Africa since the inception of loadshedding in 2007. The Energy Act, premised on the Energy White Paper of 1998, aims to cover gaps in the Energy White Paper and other legislation on energy security, using an Energy Security Master Plan prepared by the then Department of Mineral Resources and Energy.
Corporate & Commercial Law
3 min read
1 Mar 2023
by Mark Linington
Fine-tuning the debt forgiveness rules for dormant group companies
Where a person forgives a debt owed by another person, there are adverse tax consequences for the person who owed the debt. These adverse tax consequences are provided for in section 19 of the ITA and paragraph 12A of the Eighth Schedule to theITA.
Tax & Exchange Control
2 min read