In early March 2020, after COVID-19 had already begun its journey of destruction around the world, the European Commission (Commission) published its Comprehensive Strategy with Africa, outlining the region’s plans for its new, stronger relationship with the continent. The Commission had earlier stated that 2020 would be a pivotal year…
The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel its…
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…
The African Continental Free Trade Area agreement (AfCFTA) came into force on 30 May 2019. In April 2019, Gambia ratified the agreement, bringing the total number of African Union (AU) member state ratifications to 22, the minimum threshold for AfCFTA’s implementation. In the last month, the required number of endorsements…
A brief outline of the Conduct of Financial Institutions Bill, its effect on the financial industry and implications for consumers. It is fair to say that there has been a steady increase in financial sector conduct regulation over the last decade, not only in South Africa but indeed globally. Some…
Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our African Relationship Firms from across the continent, share their knowledge about what investors should consider when transacting in…