Rights of minority shareholders in terms of the South African company laws
The directors of a company are tasked with the management and control of the day-to-day operations of a company. Shareholders own the company through the shares which they hold. Shareholders are bound by the decisions of the board of directors as enacted by its resolutions.…
Topics: Commercial & Corporate Law
Comment on Integrated Resource Plan 2023 extended
The comment period for the Draft Integrated Resource Plan (IRP 2023) has been extended.
The mineral resources and energy minister, Gwede Mantashe, announced this during an address at the Investing in Africa Mining Indaba in Cape Town.
The Draft IRP 2023 was published…
Competition Commission South Africa Commission requests leave to appeal CAC Judgment in case against banks alleged to have colluded in the Rand/Dollar currency pair
The Competition Commission (Commission) has approached the Constitutional Court of South Africa (ConCourt) for leave to appeal the Competition Appeal Court (“CAC”) judgment handed down on 8 January 2024 in which it upheld the appeal by the majority of the respondent…
Important FIC Notice: Legal Practitioners entities to urgently complete and submit outstanding Risk and Compliance Returns
The Financial Intelligence Centre (FIC) has appealed to Legal Practitioners to urgently file outstanding Risk and Compliance Returns (RCR).
Currently, any Legal Practitioner that has not submitted their RCR is considered by the FIC to be a high-risk entity in…
Topics: Banking & Finance Law | Running Your Practice
Free Market Foundation Constitutional concerns over controversial expropriation bills in South Africa
Government departments and parliamentary committees might duly invite members of the public to lodge written comments and representations on legislative Bills proposed by the government, but comments and representations received from the public risk being…
Why strategically placed contract review is critical to having a great year
Introduction
Businesses should realise that their style and strategy in managing business relationships should not be confined to marketing material only, but to their contracts as well. Contracts are the compasses of many key relationships and therefore there…
Topics: Commercial & Corporate Law | Contract Law
Five common misconceptions about RAF claims debunked
When dealing with the complexities of Road Accident Fund (RAF) claims in South Africa, it’s crucial to have accurate and reliable information.
Unfortunately, several myths and misconceptions circulate, leading to confusion and potentially impacting…
Topics: Insurance Law | Personal Injury Law
Unveiling South Africa’s future: Follow SONA 2024 on Sabinet Discover
As the 8th of February approaches, South Africa is gearing up for a pivotal moment in its political calendar – the State of the Nation Address (SONA) 2024. President Cyril Ramaphosa is set to address the nation, shedding light on the country’s achievements,…
Can a machine powered by AI be an inventor? Bell Tolls for Dabus Machine in UK
The Supreme Court of the United Kingdom handed down its judgment on whether a machine (Dabus) powered by artificial intelligence (AI) may be an inventor in terms of the UK Patents Act. The Court was asked to consider two patent applications filed by Dr Stephen Thaler…
Guidance on the implementation of Targeted Financial Sanctions in South Africa
At the end of 2023 the Financial Intelligence Centre (FIC) released a Public Compliance Communication (PCC) 44A) that provides guidance to Accountable Institutions (AIs) regarding their obligations to implement United Nations Security Council Resolutions…
Topics: Banking & Finance Law | Running Your Practice
