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US approves AB Inbev buyout of SABMiller

NEW YORK, USA: US antitrust officials approved beer giant AB InBev's $108 billion takeover of rival SABMiller on Wednesday, 20 July 2016, after requiring the divestiture of SABMiller's entire US business...

21 Jul 2016

New business rules for SA's public servants

The Department of Public Service and Administration has published regulations that will require all government departments and entities to put in place measures to prohibit employees and special advisers from "directly or indirectly" doing business with the state...

By Wyndham Hartley 20 Jul 2016

Volkswagen execs named in new emissions lawsuits

New York and Massachusetts filed lawsuits on Tuesday against Volkswagen that suggested that senior executives were aware early...

20 Jul 2016

BBBEE screws tighten on South African businesses

Many South African businesses face a stiff challenge in meeting their accreditation targets as they prepare for their first audits under the stricter BBBEE codes...

7 Jul 2016

New BEE Regulations addresses two key aspects

The final Broad-Based Black Economic Empowerment Regulations, in terms of the Broad-Based Black Economic Empowerment Act (BEE Act), were gazetted by the Minister of Trade and Industry in early June 2016. The Regulations came into effect the same day...

7 Jul 2016

Equitable and fair reinstatement of a credit agreement

In the case of Nomsa Nkata vs FirstRand Bank Limited, the Constitutional Court has elected to uphold the High Court ruling to reinstate a credit agreement between the two parties, despite the property (over which the agreement was based) already having been sold in execution...

By Siyanda Khanyile 6 Jul 2016

Tshwane meter case back in court

The City of Tshwane is not yet free of the disastrous smart meter contract it signed with Peu Capital Partners in 2013 and will be back in court tomorrow for a new round of litigation that, if it loses, could see it face revenue losses of R500m.

By Penelope Mashego 4 Jul 2016

Google's Madrid offices raided in tax probe: internal source

MADRID, SPAIN: Google's offices in Madrid were being searched in a tax probe on Thursday, 30 June 2016, an internal source said, just over a month after police raided the Internet giant in Paris in a similar investigation...

1 Jul 2016

Ex-Saint Laurent designer wins USD13m payout in contract dispute

PARIS, FRANCE: Hedi Slimane, the former creative director of French fashion house Saint Laurent, is to receive $13 million in a contractual dispute over his departure from the company, his lawyer said on Wednesday, 29 June 2016...

1 Jul 2016

PIC in legal advice move after promise over disclosure

The chief investment officer of the Public Investment Corporation (PIC), Dan Matjila, says he has briefed lawyers to advise him on the confidentiality issues at stake in disclosing the PIC's unlisted shareholdings, following his recent undertaking to do so to Parliament's standing committee on finance...

By Carol Paton 1 Jul 2016

AB InBev's SABMiller purchase gets nod in SA, with tweaks

Anheuser-Busch InBev's acquisition of SABMiller was approved by the Competition Tribunal on Thursday with a few amendments to the conditions proposed by the Competition Commission...

30 Jun 2016

Potential compliance issues of new mining charter

South Africa (similar to other countries endowed with mineral resources) has recognised that, except for encouraging downstream value-addition (beneficiation) in the minerals sector, policy tools and regulatory frameworks must be implemented to ensure that the extractive industry provides broader benefits to society...

By Jackwell Feris 28 Jun 2016

Paying attention to mediation clauses in shipping contracts

Parties to a shipping agreement, such as a contract of carriage or charter, should pay very careful attention to the wording of the mediation clause included in the shipping contract, if they agree that they wish to refer any future or existing disputes to mediation...

By Lana Jacobs 27 Jun 2016

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