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Legal

10/09/2023

New laws to restrict the hiring of foreign workers in South Africa – with R100,000 fines on the table

The proposed Employment Services Amendment Bill, 2021 introduced last year in the National Assembly flows from a proposed National Labour Migration Policy introduced by the Minister of Employment and Labour.

10/03/2023

Absa and Pityana both see victory in court decision

The case stems from accusations of sexual harassment against Pityana by an employee while he was serving as chairman of AngloGold Ashanti, a charge he has steadfastly denied.

09/29/2023

Mozambique Scandal Spells Further Trouble for UBS

Last week, the UK Supreme Court allowed the trial to proceed, in which the African country is seeking around $1.5 billion in damages.

09/08/2023

Court extends orders freezing accounts of two air charter service firms

Mr Obure, who is also charged with murdering businessman Kelvin Omwenga, is the representative of the two companies.

09/01/2023

Old Mutual’s 4-year legal battle against its former CEO finally comes to an end

Moyo and his partners thus shared R84 million, while omitting to pay preference share dividends, valued at R65.4 million at the time, due to Old Mutual

08/24/2023

FBN Holdings AGM : Shareholder seeks to join suit, asks court to set aside Interim Order

Justice Akintayo Aluko that the interim order was fraudulently obtained by suppression of facts which if disclosed to the court, the court would have refused granting the application.

08/24/2023

State to legalise phone, email tapping in dirty cash fight

The new clause touches on five laws that are being amended through the Bill.

08/16/2023

Court restrains FBN Holdings from holding AGM, issues contempt notice

The court also warned FBN Holdings Plc of the consequences of disobedience to the court order.

07/31/2023

FNB warns of serious financial crime – how not to become a victim

A money mule is an individual who is recruited by criminals to allow for the movement of unlawfully-acquired funds through their personal bank account.

07/28/2023

IMF vets Kenya’s new money laundering Bill

Anti-money laundering is a key pillar in IMF-Kenya program

07/21/2023

SARS knows everything about your bank account

SARS identified deposits received by the taxpayer into his Investec and Nedbank bank accounts, as well as payments received from FX Africa.

07/20/2023

Ecobank Nigeria plans to appeal the court judgment of N72 billion in Honeywell’s case

According to the bank, the instant suit was an action filed in 2018

07/11/2023

South Africa and Germany seek to develop green hydrogen links

A joint declaration of intent concerning green hydrogen was signed recently by Kgosientsho Ramokgopa, South Africa’s minister of electricity, and Robert Habeck, Germany’s minister of economic affairs and climate action.

07/11/2023

Court deals State another blow in Sh210 billion tax fight

Treasury Cabinet Secretary Njuguna Ndung’u had submitted that suspending the new tax law would lead to a shutdown of government operations.

07/04/2023

StanChart escalates 30-year fight with Galot

The loan was converted to local currency in 1986.

06/19/2023

Supreme Court's Daniel Arap Moi land ruling sends banks, buyers into a panic

The country’s apex court in April said not even the passage of over 30 years could stop grabbed public land that had undergone multiple successions in private hands reverting back to the public.

06/14/2023

Further South African electricity initiatives must follow Mozambique deal

Business Live reported that an unnamed mining company is behind the deal, acting as a private off-taker in the arrangements.

06/14/2023

90 percent of Kenyans reject Finance Bill 2023

The survey was undertaken between May 19 and June 6, with 20 percent of the respondents being Nairobians.

06/07/2023

Businesses push back against South Africa’s strict new BEE laws – with another legal challenge on the way

Under the new Act, the employment minister is empowered to set sector-specific numerical targets for the racial and gender makeup of designated businesses, which must be achieved over five years.

05/25/2023

KRA boss escapes jail in row over remmitances to employees union

The Court of Appeal in 2018 directed KRA to implement the system and start remitting deductions after rejecting KRA’s defence

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