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In Africa

South Africa: Significant implications for online gaming companies in the draft Films and Publications Amendment Regulations

by and 9 Mins Read

The recently published draft Films and Publications Amendment Regulations have significant implications for online gaming companies in their current form. The Regulations are out of sync with the commercial realities of online content distribution and gaming platforms and impose extensive administrative and cumbersome obligations on online distributors .Janet MacKenzie, Partner and Head of the Technology, Media and Telecommunications industry group, and Reinhardt Biermann, Associate, at Baker McKenzie Johannesburg, explain the implications.

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In Africa

South Africa: The de-globalizing pandemic – FDI and preparing for the post-COVID reality

by and 6 Mins Read

Overall, globalization has contributed to economic growth in Africa, but post COVID-19, authorities around the world are tightening restrictions and implementing barriers to foreign investments in a bid to protect industries that may be left vulnerable during these times. Lerisha Naidu, Partner, and Selma Matsinhe, Associate, in the Competition and Antitrust Practice Group in Johannesburg, explain how a careful balance needs to be struck between protectionism and attracting foreign investment.

In Africa

South Africa: Clarity at last – the application of section 46 of the Income Tax Act to the distribution of unlisted shares

by 4 Mins Read

The South African Revenue Service released Binding General Ruling 54 on 22 June 2020, clarifying important aspects of the application of section 46 of the Income Tax Act regarding unbundling transactions and the distribution of unlisted shares. Denny Da Silva, Senior Tax Advisor in Johannesburg, outlines the details.

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In Africa

South Africa: Cybercrime post COVID-19 – Authorized push payment fraud in the world of investments

by 7 Mins Read

COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.

In Africa

South Africa: Cybercrime post COVID-19 – Authorized push payment fraud in the world of investments

by 7 Mins Read

COVID-19 has led to an increase in online business dealings and transactions, which has resulted in a steady rise in cybercrime. Criminals are using techniques such as authorized push payment fraud to steal large sums of money from unsuspecting individuals and entities. Wian Steyn, Senior Associate, and Rui Lopes, Associate, in the Dispute Resolution Practice Group in Johannesburg, discuss how this fraud takes place, and the legal obligations and duties imposed on investment managers, investors and banks, to protect against it.

In Africa

Africa: Competition Authorities Respond to the COVID-19 Crisis

by and 10 Mins Read

Numerous competition authorities in Africa are aware of the effects of unjustified price hikes and excessive pricing on already vulnerable economies. They have responded by establishing specialised investigation teams, refocusing existing resources to COVID-19 specific complaints and introducing new competition regulations – as is the case in South Africa. African…

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In Africa

South Africa: Regulation no-poach agreements during the COVID-19 pandemic

by and 5 Mins Read

To manage the risk of losing their human capital to competitors, certain employers have implemented no-poach agreements or clauses. Such agreements have triggered concern from competition authorities, including those in the US, and could be on the radar of South African competition authorities aiming to facilitate a fair labor market in South Africa post COVID-19. Lerisha Naidu, Partner, and Thato Mkhize, Candidate Attorney in Competition and Antitrust Practice Group in Johannesburg explain.

In Africa

South Africa: COVID-19 – South African regulations, legal developments and relief schemes

by , and 5 Mins Read

In brief Countries around the globe are facing unprecedented and rapid change due COVID-19. South Africa is no exception, with the government introducing various relief schemes and new regulations in response to the devastating socioeconomic impacts of the pandemic. These developments have important implications for businesses and individuals in South…

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