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Popi Regulations – A Step Closer

26th September 2017 Written by labour lawyer Melanie Hart www.fasken.com The Information Regulator has published Regulations in terms of the Protection of Personal Information Act, 4 of 2013 (“POPI”) 

Draft legislation proposes significant changes to the tax treatment of share buy-backs and dividend stripping

31st July 2017 Written by partner in Fasken Martineau’s tax group, Conor McFadden and senior associate Stimela Mokoena, 21 July 2017 In the 2016 annual Budget Speech the Minister of Finance indicated the possibility of legislative countermeasures to curb the use of share buy-back arrangements that resulted in... 

Proposed moratorium falls beyond Minister Zane’s powers

24th July 2017 On 19 July 2017, the Minister of Mineral Resources gazetted an invitation to comment on a proposed restriction on the granting of new mining and prospecting rights, as well as restricting the renewal and transfer of any existing prospecting and mining rights across South Africa. The Minister’s... 

Moratorium likely beyond Zwane’s power – law firm

24th July 2017 A controversial proposed mineral rights moratorium may very well be beyond the scope of Mineral Resources Minister Mosebenzi Zwane's powers. Zwane last week gazetted an invitation to comment on a proposal to restrict the granting of new mining and prospecting rights applications and to restrict... 
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McKinsey 'embarrassed' by failings in South Africa scandal

McKinsey said on Tuesday it was embarrassed by errors it made while working with South African utility Eskom on a R1.6-billion contract that is being investigated by Parliament and police over allegations of fraud. Privately-held McKinsey, the world's largest management consultancy, said it had... 

SARB cautious about more rate cuts

The South African Reserve Bank (SARB) is taking a cautious approach to monetary policy as risks to the inflation outlook are on the upside, deputy governor Daniel Mminele said. South Africa's consumer price inflation stood at 4.8% year-on-year in August. Statistics South Africa is due to publish... 
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