08/25/2014
Two issues arose before the Privy Council. First, the meaning of “lawful business activities” under section 5(2)(d) of the FIAMLA. Secondly, who had the onus of proving the application of the exemptions under section 5(2) of the FIAMLA.
08/25/2014
Kieran Loughran and Veronica Strande of Conyers’ London office advised on the matter, working alongside listing sponsor Cohort Limited.
08/24/2014
This is because sharia compliant banking prohibits earning interest on money, hence Murabaha is the loan facility for Islamic banking.
08/20/2014
Reverse mortgage schemes have already been found to be fraudulent by the High Court in Bloemfontein.
08/19/2014
Goldman had filed a summary judgment application – a request to decide a claim without going to trial
08/15/2014
Automobile dealer delayed a R1.5 billion bond sale 'until further notice'.
08/11/2014
The Nigerian Stock Exchange (NSE) has investigated and indicted 29 stockbroking firms and four stockbrokers for alleged unauthorised sale of their clients’ shares.
08/05/2014
Baker & McKenzie bolsters Jo'burg with competition bolt-on
The hire comes two years after Baker & McKenzie launched in South Africa
08/01/2014
Leading international law firm enters South Africa via alliance
This collaboration will enhance the strength of the two firms’ international offerings, providing clients with immediate access to leading Africa practices with recognised expertise across multiple sectors including Energy & Infrastructure and N
07/21/2014
Beleaguered African Bank has yet another thing to worry about.
07/20/2014
The global law firm Dentons has announced a new association with leading Ghana law firm JLD & MB Legal Consultancy
07/18/2014
In a statement, Bentsi-Enchill said the two firms had “mutually agreed” to terminate their non-exclusive relationship and that the firm would cease to be a member of Dentons’ Africa Group.
07/18/2014
He added: “Also member countries’ business cycle synchronisation in terms of real GDP, inflation, broad money and interest rates remained weak, and their level of institutional preparedness for the monetary union remains inadequate.”
07/16/2014
Case that is likely to re-shape the future of the financial services sector, The Herald Business can reveal.
07/14/2014
Old Mutual imposed large penalties on the clients’ investments and has refused to reverse these, because the advisers were not its agents when they sold the policies.
07/13/2014
South African Hedge fund scam: second ruling
He earned R8.4 million in so-called share profits from the Relative Value Arbitrage Fund (RVAF), which purported to be a hedge fund but was, in fact, a scam.
07/11/2014
Standard Bank said its exposure to possibly missing aluminum at Qingdao is $170 million
07/10/2014
Breish was asked to leave his position at the LIA amid an inquiry under Libya’s “Political Isolation law
07/09/2014
The Mauritian government is to set up a Serious Fraud Office for the investigation of corruption, money laundering and financial crimes.
07/08/2014
A former financial planner for Nedbank faces charges of theft and fraud for allegedly transferring clients’ money into his own bank account.