Managers of Wealth Africa

Court unfreezes ‘4 accounts’ linked to N21 billion system glitch, faults police

The withdrawals reportedly occurred due to a system glitch between October 12 and 13, 2023, according to court documents seen by Nairametrics.

New laws against invasion of private property in South Africa – with a R2 million fine or jail time for anyone inciting it

The new bill aims to empower municipalities, state entities, and private property owners to respond more decisively to illegal occupations and evictions in the country.

Major South Africa forex-rigging case moves forward

The dispute will now be referred back to the Competition Tribunal of South Africa.

Top court rules on rand manipulation allegations against Absa, FirstRand, Nedbank, and Standard Bank

The court ruled that the Commission’s prosecution against the banks was based on flawed factual assumptions and completely lacked the required evidentiary link to prove they participated in a single overarching conspiracy.

Government to step up labour law enforcement

Construction, hospitality in the spotlight.

Pityana Takes Absa Board Dismissal Battle to Supreme Court of Appeal

Pityana had been widely regarded as the preferred candidate to succeed Wendy Lucas-Bull as Absa chairman.

Union Bank customers fear fallout as CBN legal battle deepens over control

The appeal has prolonged the legal face-off and brought feelings of uncertainty to customers of union bank.

Constitutional Court Broadens the Reach of South Africa’s GAAR in Absa v SARS Introduction 

The Constitutional Court’s judgment in Absa v SARS represents one of the most significant South African tax judgments in recent years. 

SCA delivers blow to Sars in protracted court battle

Finds the exclusion of lay representatives in tax court would be unconstitutional.

Procurement reform raises questions for South Africa’s infrastructure sector

The Act consolidates and replaces multiple pieces of fragmented legislation to establish a coherent legislative framework for an efficient procurement system across South Africa’s multiple spheres of government.

Court orders homeowner to pay Nedbank R1.6 million and initiates sale of Cape Town property

Court papers show that Stephans fell significantly behind on his monthly repayments, with the outstanding balance exceeding R2 million by October 2025 and arrears surpassing R500,000 by early 2026.

New laws coming about property rights in South Africa, and important bridge collapses

Economists predict that the modest rise in inflation will primarily result from higher fuel prices, while food inflation is expected to ease.

New laws taking on land grabs and illegal occupation of private property in South Africa

The new bill aims to empower municipalities, state entities, and private property owners to respond more decisively to illegal occupations and evictions in the country.

Sars obtains court order to freeze millions in former employees’ assets

As a crackdown on corruption within its ranks continues.

FirstRand taken to the dry cleaners in high court

Told it needs to be cross-examined on its accounting and other defects in case against customer.

Court freezes N448m assets in Keystone Bank debt recovery suit

The court further directed all banks and financial institutions within the jurisdiction to forthwith preserve any funds belonging to the defendants upon being served with the order.

DLA Piper continues Africa-wide momentum with two Corporate Awards

Alongside, the firm was ranked as the third most active General Corporate Finance Legal Advisor (by transaction value) at the DealMakers East Africa Annual Awards.

Two new laws for pension funds in South Africa

This notice had previously excluded retirement fund contributions regulated under the Pension Funds Act from enforcement under section 34A of the Basic Conditions of Employment Act.

Former Steinhoff audit executive sentenced to four years or R2m fine

Odendaal found to be negligent as he ought to have suspected fraud by other employees

Judgment clarifies when third-parties can intervene in South African mergers

The Constitutional Court ultimately overturned the CAC’s ruling and reinstated the Tribunal’s original order