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Country: South Africa

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  2. South Africa

South Africa: Reaching boiling point – updated FSCA Communication signals that the two-pot retirement system is almost ready 

Several legislative changes are being finalised ahead of the ‘two-pot’ retirement system coming into effect in South Africa.

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Africa: Navigating the path to exit in private equity – Continuation funds

When investments are performing well and trying to exit them at the end of the pre-agreed life of the private equity fund would diminish value rather than enhance it, or if market conditions are not conducive to an immediate exit, fund managers can consider setting up a continuation fund.

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South Africa: JSE Simplification Project – Section 12 (Mineral Companies)

Bowmans-Equity-capital-markets

The fifth phase of the JSE Simplification Project entails proposed amendments to Section 12 of the JSE Listings Requirements, which relate to Mineral Companies.

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Southern Africa: A preferred destination for judicial ship (and other maritime property) sales?

Namibia and South Africa provide quick and cost-effective solutions for judicial or forced sales of ships and other maritime property.

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South Africa: LAC finds that an employee who was dismissed for recreational cannabis use at home was unfairly discriminated against

What happens when the private use of cannabis at home results in an employee presenting themselves in the workplace and testing positive for cannabis?

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South Africa: ConCourt confirms Coca-Cola’s retrenchments were for operational requirements  

Employers are entitled to undertake a restructuring process in which employees are retrenched and rehired and/ or new employees are hired at lower salaries, where they can show that there are legitimate reasons to reduce labour costs to sustain business operations.

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