In December 2021, the existing exemption that excludes medical devices and in-vitro diagnostics from the application of sections 18A and 18B of the Medicines and Related Substances Act was extended. This extension means that suppliers of medical devices and in-vitro diagnostics are permitted to supply their products according to bonus, rebate and incentive systems for another three years.
The production of cannabis for medical and adult-use has the potential to provide new sources of taxable revenue for pandemic-stricken countries. In South Africa, legal requirements around the production and sale of cannabis for medical use are onerous, but recent legal developments indicate an attempt to further enable the cultivation and sale of the plant as a way to boost the post-COVID economy.
COVID-19 has revealed the high value of personal data to businesses around the world, while also highlighting its susceptibility to abuse and attack. Countries have responded by reviewing their data privacy and protections laws.
COVID-19 has revealed the high value of personal data to businesses around the world, while also highlighting its susceptibility to abuse and attack. Countries have responded by reviewing their data privacy and protections laws. In South Africa, the Cybercrimes and Cybersecurity Act and the Protection of Personal Information Act are new laws that will bring the country’s data protection and cybersecurity legislation in line with global standards.
In brief Overview Zareenah Rasool, Candidate Attorney, Rui Lopes, Associate, and Darryl Bernstein, Partner and Head of the Healthcare and Lifesciences Industry Group at Baker McKenzie in Johannesburg, set out the infrastructure that is in place, and the processes that must be followed, for medicines such as the COVID-19 vaccine…
Executive Summary: The second quarter of 2020 has seen the globe continue to navigate the complexity created by the COVID-19 pandemic. These unprecedented times have sparked economic and political crisis across the world, while organisations seek to respond to an increase in cybercrime, and a resurgence of bribery and corruption…
Doing Business in South Africa outlines some of the principal matters that will affect an overseas entity that proposes to establish and carry on business in South Africa. Topics covered include: Establishing a legal entity Tax Black economic empowerment Exchange control Anti-bribery and corruption Intellectual property All of the information included…
Referring to Baker McKenzie’s recent report, Taking Center Stage: The Rise and Rise of M&A Compliance Due Diligence (CDD), Darryl Bernstein, partner and head of the Dispute Resolution practice group in Johannesburg, looks at the challenges for M&A investors in Africa in terms of compliance risks and what can be…
With an ever-increasing focus being placed on corporate anti-bribery and corruption, there is no doubt that when engaging in any form of transaction in South Africa, it is essential that consideration be given to the compliance risks prior to the deal being completed, as well as post-acquisition compliance assessments and…
The Financial Intelligence Centre Act of 2001 (“FICA”) was amended by the Financial Intelligence Centre Amendment Act of 2017 (the “Amendment”), which provided for certain provisions of the Amendment to come into effect. On 1 April 2019, other provisions of the Amendment came into effect. The Amendment has extended the…