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Estate agents move against alleged regulator failings

By Daily News Published on Tuesday, 02 February 2021
Tags: #Business & Industry Law #Litigation #Property Law
The Real Estate Business Owners of SA (Rebosa) is taking the Estate Agency Affairs Board (EAAB) to court over failing to issue operating licences on time.

Lift alcohol ban or else, warn liquor traders

By Daily News Published on Tuesday, 26 January 2021
Tags: #Business & Industry Law #Litigation
Tavern and shebeen owners have called for the government to lift the ban on the sale of alcohol in seven days or risk collapsing the sector.

SARB moves on crypto-currency regulation

By Daily News Published on Tuesday, 26 January 2021
Tags: #Banking & Finance Law #Business & Industry Law
The SA Reserve Bank (SARB) says foreign-exchange controls will soon apply to crypto-currencies such as bitcoin, while all crypto asset service providers will need to apply for a special licence from the Financial Sector Conduct Authority.

Survé wants meetings to explain Sekunjalo position

By Daily News Published on Tuesday, 19 January 2021
Tags: #Business & Industry Law
Iqbal Survé, chair of Sekunjalo Investment Holdings and executive chair of Independent Media, says he has written to the Public Investment Corporation (PIC) and Parliament's Standing Committee on Finance to request meetings about ongoing disputes with the state-owned asset management company, notes Fin24.

Liquidators want more powers in Bitcoin inquiry

By Daily News Published on Monday, 18 January 2021
Tags: #Business & Industry Law #Insolvency Law #Litigation
Provisional liquidators appointed to seize control of failed SA Bitcoin trader Mirror Trading International (MTI) are looking to widen the scope of their inquiry. They are wanting to extend their powers to include the right to call witnesses to an insolvency inquiry, appoint investigators and solicit information from banks, said Herman Bester, one of four interim supervisors appointed to begin work on the matter, according to a Bloomberg report on the Moneyweb site.

Jooste lodges R161m fine appeal

By Daily News Published on Tuesday, 12 January 2021
Tags: #Business & Industry Law #Litigation
Former Steinhoff boss Markus Jooste has lodged an appeal against the fine of R161m imposed by the Financial Sector Conduct Authority (FSCA) for insider trading, Die Burger reports.

Constitutionality of alcohol ban to be tested

By Daily News Published on Monday, 11 January 2021
Tags: #Business & Industry Law #Health Care & Social #Litigation
SA Breweries (SAB) is to challenge the constitutionality of the blanket ban on alcohol sales, which was re-introduced late in December in a bid to curb the spread of Covid-19.

Santam assessing claims after business interruption rulings

By Daily News Published on Monday, 11 January 2021
Tags: #Business & Industry Law #Insurance Law #Litigation
Insurance group Santam says it has started the process of assessing claims related to contingent business interruptions due to Covid-19, including those previously rejected in the months after the national lockdown commenced in March.

Department invoiced R260m for dodgy Cuban drug

By Daily News Published on Thursday, 10 December 2020
Tags: #Administrative Law #Business & Industry Law #Health Care & Social
The Auditor-General has confirmed that the Defence Department has been invoiced to the tune of R260m for Heberon Interferon-Alpha-2B, an unregistered medical drug from Cuba.

Eskom makes headway in recouping looted funds

By Daily News Published on Monday, 07 December 2020
Tags: #Business & Industry Law
Eskom CEO Andre de Ruyter said the power utility had recovered more than R1bn from companies that played a role in state capture, notes a TimesLIVE report.

Long wait for payouts if Steinhoff is liquidated

By Daily News Published on Friday, 04 December 2020
Tags: #Business & Industry Law #Insolvency Law #Litigation
Shareholders who instituted claims against Steinhoff will probably only receive payments from 2031 if the company is liquidated. A report in Die Burger says this scenario is detailed in an explanatory note from the company that had to be issued to seek support for its proposed court-sanctioned scheme of arrangement to settle claims.

Absa suspends employee over customers data breach

By Daily News Published on Wednesday, 02 December 2020
Tags: #Banking & Finance Law #Business & Industry Law #Science & Technology Law
Absa Bank is pressing criminal charges against an employee who has subsequently been suspended for illegally accessing and sharing customer information with third parties, the bank said yesterday, according to a Business Day report.

Fishing firm claims no intention to defraud

By Daily News Published on Tuesday, 01 December 2020
Tags: #Business & Industry Law #Civil Rights #Criminal Law
A Cape Town company that has been found guilty by the B-BBEE Commission of violating the B-BBEE Act by fronting black employees as shareholders to obtain fishing rights, claims it had no intention to defraud anyone.

Sodi’s firm still doing business with state

By Daily News Published on Friday, 27 November 2020
Tags: #Business & Industry Law
According to revelations in a City Press report, Edwin Sodi’s Blackhead Consulting is still doing big business with government. It says that on top of the controversial R255m Free State asbestos tender, Blackhead Consulting also allegedly received R517m worth of tenders from the Gauteng provincial government from 2014 to date.

Force majeure on the fringes of the pandemic lockdown

By Barnard Incorporated | Izak Viljoen | Published on Monday, 16 November 2020
Tags: #Business & Industry Law #Company Law #Litigation
The COVID-19 pandemic-induced lockdown in South Africa has brought the legal considerations of force majeure into sharp focus across multiple industries, particularly in engineering and construction circles.

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