BizTrends 2018


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Commission approves tie-up between surfwear titans Billabong and Boardriders
Commission approves tie-up between surfwear titans Billabong and Boardriders

The Competition Commission has approved the proposed acquisition of Billabong International Limited by global branded apparel business Boardriders Inc.

19 Apr 2018

Professor Angelo Nicolaides
Is there a disconnect between profit and ethics?

In this age of social media and the internet, big businesses are taken to task for unethical and non eco-friendly corporate practices by a socially conscious citizenry...

By Angelo Nicolaides 13 Apr 2018

Independent attorney wins 2017 Best Article Award
Independent attorney wins 2017 Best Article Award

Emile Myburgh has won the 2017 LexisNexis Prize for Legal Practitioners for the best article by a practising attorney published in De Rebus, for his piece on 'Holding delinquent directors personally liable'...

12 Apr 2018

Nersa to hold public hearings into Eskom's RCA
Nersa to hold public hearings into Eskom's RCA

The National Energy Regulator of South Africa (Nersa) will hold public hearings into Eskom's Regulatory Clearing Account applications across the country, starting next week...

11 Apr 2018

Icasa to address competition in pay-TV market
Icasa to address competition in pay-TV market

NEWSWATCH: The Independent Communications Authority of South Africa (Icasa) will be proceeding with oral hearings on competition in the local pay-TV market, after having proposed to introduce shared sports rights and shorten exclusive contract periods...

5 Apr 2018

Trevor Manuel, chairman of Old Mutual Group Holdings
Manuel on restoring ethical business leadership

It has become clear that business leadership in South Africa needs a major overhaul, as more and more is revealed about the unethical behaviour of significant brands such as Steinhoff‚ KPMG‚ SAP and Naspers.

4 Apr 2018

Steinhoff report has little substance, Hawks claim
Steinhoff report has little substance, Hawks claim

The head of the Hawks's commercial crime unit has slammed a report submitted by Steinhoff management as lacking in substance and "malicious"...

By Linda Ensor 29 Mar 2018

Tripartite Free Trade Agreement to be tabled before Parliament
Tripartite Free Trade Agreement to be tabled before Parliament

International Relations and Cooperation Deputy Minister Luwellyn Landers says government is in the process of submitting documentation and the Tripartite Free Trade Agreement to Parliament for ratification...

28 Mar 2018

Faith Ngwenya, technical executive, South African Institute of Professional Accountants (Saipa)
Saipa questions inclusion of professional accountants in Fica schedule

Small accountancy practices could feel the pinch of compliance obligations if the professional is included as an accountable institution in a schedule of the Financial Intelligence Centre Act (Fica)...

By Faith Ngwenya 28 Mar 2018

AU launches ambitious bid for world's largest free trade area
AU launches ambitious bid for world's largest free trade area

Africa's leaders will gather in Rwanda on Wednesday to launch what they say will be the world's largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up...

20 Mar 2018

Become your own compliance champion
Become your own compliance champion

Compliance officers have the opportunity to position themselves as the essential business asset that they are, anchored not only by a strategic understanding of their business and its regulatory obligations, but also qualities such as adaptability and openness...

Issued by LexisNexis 19 Mar 2018

Dr Richard Friedland, CEO: Netcare
Competition Tribunal gives the green light for Netcare/Akeso deal

The Competition Tribunal has approved Netcare's acquisition of Akeso Clinics, a group of 12 dedicated mental healthcare facilities...

19 Mar 2018

African tech and telecom sector to thrive in 2018/19
African tech and telecom sector to thrive in 2018/19

M&A activity in the technology and telecommunication sectors in Africa and the Middle East will more than quadruple in 2018, from 2017...

16 Mar 2018

Steinhoff investors voted to absolve directors of liability
Steinhoff investors voted to absolve directors of liability

More than 98% of Steinhoff International's shareholders voted to discharge all of the directors and supervisory board members from liabilities at the group's annual general meeting (AGM) in March 2017...

By Ann Crotty 15 Mar 2018

France to take legal action against Google, Apple for 'abusive' practices
France to take legal action against Google, Apple for 'abusive' practices

PARIS, France - France will take legal action against Google and Apple for "abusive business practices", Finance Minister Bruno Le Maire said on Wednesday as transatlantic ties threaten to be riven by a trade war...

15 Mar 2018

Photo: KPMG
KPMG SA fined $100,000 for "improper professional conduct"

KPMG SA has been censured by the powerful US Securities and Exchange Commission (SEC) and has to pay a $100,000 fine for "improper professional conduct"...

By Ann Crotty 15 Mar 2018

Is South Africa's energy programme green for go?
Is South Africa's energy programme green for go?

Although we have heard similar statements in the past from the Department of Energy, the statement from Minister Radebe last week on the status of the South African energy programmes went further...

By Kieran Whyte 14 Mar 2018

Could Steinhoff and the likes face a class action suit?
Could Steinhoff and the likes face a class action suit?

The abrupt and devastating wipe-out of 80% market value in the multi-national retailer, Steinhoff, has without any doubt brought about more questions than answers...

12 Mar 2018

What foreign lenders should know about South Africa loan and credit requirements
What foreign lenders should know about South Africa loan and credit requirements

South Africa has extensive exchange control rules that govern the inflow and outflow of capital, as well as some stringent legal requirements pertaining to credit and financial assistance...

By Lischa Gerstle 12 Mar 2018

SAP finds payments made to Gupta-linked entities, as well as mismanagement
SAP finds payments made to Gupta-linked entities, as well as mismanagement

Global software company SAP's investigation into contracts with state-owned enterprises (SOEs) Transnet and Eskom has found that there were payments made to Gupta-related entities and that there were indications of mismanagement and irregularities...

By Genevieve Quintal 8 Mar 2018

BlackBerry sues Facebook over messaging apps
BlackBerry sues Facebook over messaging apps

Canadian telecommunications firm BlackBerry sued Facebook on Tuesday, accusing the American social media company of infringing on its patents for messaging apps...

7 Mar 2018

Ben Ngubane takes the state capture hot seat in Eskom inquiry
Ben Ngubane takes the state capture hot seat in Eskom inquiry

Former Eskom chairman Ben Ngubane appeared before the parliamentary inquiry into state capture of Eskom on Wednesday to answer questions, ranging from the employment contract of former CEO Brian Molefe to the prepayment made to Gupta-owned Tegeta Exploration and Resources for coal supplies...

By Linda Ensor 7 Mar 2018

Gauteng to clamp down on illegal businesses in townships
Gauteng to clamp down on illegal businesses in townships

The Gauteng provincial government has announced the introduction of a drive to shut down illegally operating foreign-owned businesses in townships...

27 Feb 2018

Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says
Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says

The CEO of the South African Institute of Chartered Accountants (Saica), Terence Nombembe, has called on the Ntsebeza inquiry to leave no stone unturned...

By Genevieve Quintal 20 Feb 2018

Court probes 'unsecured credit' by Capfin
Court probes 'unsecured credit' by Capfin

Steinhoff International's troubles continue to mount. On Thursday, the Cape High Court began to interrogate the controversial lending practices of Capfin, which provided unsecured credit to customers of Pepkor and Ackermans...

By Ann Crotty 16 Feb 2018

Pick n Pay Constantia. ©Lauren Hartzenberg
Tribunal kicks out Massmart's mall case

The Competition Tribunal has dismissed Massmart's complaint that Shoprite Checkers, Pick n Pay and Spar were taking part in anticompetitive behaviour through exclusive leases with shopping-mall landlords.

By Michelle Gumede 14 Feb 2018

Waymo, Uber end trade secrets theft trial with settlement
Waymo, Uber end trade secrets theft trial with settlement

Waymo and Uber announced an agreement on Friday, 9 February 2018, in the blockbuster federal lawsuit over allegedly stolen trade secrets from the former Google self-driving car project...

12 Feb 2018

Police Minister speaks on Phahlane's case
Police Minister speaks on Phahlane's case

Police Minister Fikile Mbalula has noted the charges by the National Prosecuting Authority (NPA) against former acting National Police Commissioner Kgomotso Phahlane...

9 Feb 2018

FICA: Being an accountable institution and following client due diligence
FICA: Being an accountable institution and following client due diligence

The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. However, the regulations therein not only pertain to transgressors of the Act, but also companies involved in a business relationship with those companies...

By Hondo Swartz 9 Feb 2018

Former top cop Phahlane in court over alleged corruption
Former top cop Phahlane in court over alleged corruption

Former acting National Police Commissioner, Khomotso Phahlane, is appearing in the Specialised Commercial Crimes court this morning, to face alleged corruption and money-laundering charges...

8 Feb 2018

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