Managers of Wealth Africa

Proposed amendments to the Tax Administration Act No. 28 of 2011 in relation to legal privilege

Alternatively, taxpayers will have to ensure that these onerous processes are taken into account

The Supreme Court of Mauritius re-affirms the criteria for enforcing foreign judgments

The decision of the Supreme Court in La Banque Française Commerciale Ocean Indien v Lauret P re-affirmed the criteria that need to be satisfied for a successful application to recognise and enforce a foreign judgment based on Article 546 of the Mau

The issue of dual nationality – why protect my South African citizenship?

The issue of dual nationality for South Africans made headlines earlier this month when there were rumours that the South African Government might abolish dual citizenship for South Africans.

Investors Want Mugabe To Die Or Just Exit

Mugabe’s call for foreign investment in the continent’s troubled country comes at a time when China — Zimbabwe’s vital investors — is struggling with its own economic woes.

Dubious cash schemes under scrutiny

The extensive probes may lead to investigators having to compile lists of thousands, possibly even millions, of South Africans who might have been swindled.

Africa’s effort to tackle cybercrime gains momentum

Generally, African governments have not been fans of social media.

Bowman Gilfillan makes double hire from Linklaters' South Africa partner Webber Wentzel

Webber's co-head of private equity John Bellew and M&A partner James Westgate are set to join the firm on 1 October.

The Supreme Court of Mauritius re-affirms its pro-arbitration approach

The decision in this case demonstrates the commitment of the Mauritius Supreme Court to international arbitration and supports the Mauritian Governments goal to position Mauritius as the preferred forum for international arbitration within the Africa-Asia

Taxpayer victory as “pay now, argue later” principle successfully challenged

In terms of the “pay now, argue later” principle, the South African Revenue Service (SARS) is entitled to collect amounts owing by a taxpayer in terms of an assessment.

High Court to rule on disputed Eco-Bank transaction

The Judge responsible in the case had informed the court that he had not completed drafting the order because he was assigned other official matters and requested for an adjournment.

Zimbabwe Owes Ex Rhodies $25mln Pensions

British lawmakers are pressuring Zimbabwe to pay £25 million in pensions to its citizens who served as civil servants under Ian Smith’s colonial regime.

All that glitters

The financing will facilitate the development of the company’s Wassa and Prestea underground mines located in Ghana.

Alleged Bank Debt: Tejuoso Accuses FCMB of Blackmail

He exonerated his company from FCMB’s allegation of indebtedness as published in one of the national dailies.

U.S. Probes Och-Ziff Africa Deal Tied to Mugabe

Hedge-fund firm is in talks to settle broader investigation into its business dealings in Africa

Maitland Intouch

We are pleased to present you with the July 2015 issue of Intouch

Mauritius FSC amends Fee System for Late Payments of Annual Fees – Effective from July 2015

On 24 July 2015, the Financial Services Commission (FSC) has amended the system of levying charges for late payment of annual fees by licensees under the Rule 8(4) of the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2008 and this

Access Bank Manager jailed for fraud

Otumfuo and Amanor were standing trial together with an alleged accomplice

Country-by-country reporting in South Africa by Arnaaz Camay

On 8 June 2015, the Organisation for Economic Co-operation and Development (“OECD”) released a Country-by-Country Reporting Implementation Package developed under the OECD’s base erosion and profit shifting (“BEPS”) Action Pl

Tax court rules on creation of permanent establishment in South Africa by Dr Beric Croome

Where a foreign company renders professional services to a South African company in South Africa, it is important that the foreign entity considers whether, as a result of rendering such services, the foreign company will create a permanent establishment

Appleby Successfully Enforces an English Judgment Before the Supreme Court of Mauritius

The decision of the Supreme Court in Dallah augurs well for the future in four respects.

Legal