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BizTrends 2017


Download the complete BizTrends 2017 PDFs with over 100 trends contributors across 18 industry sectors.

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Source:
Coal COO resigns after being fined for insider trading

Coal of Africa's COO, Michiel Jakobus Brönn, who was fined R350,000 earlier this month by the FSB for insider trading, has resigned, the company said...

1 day ago

Protected Disclosures Amendment Bill allows for whistleblowing on state
Protected Disclosures Amendment Bill allows for whistleblowing on state

Whistleblowers are a key element of anti-corruption measures within the workplace, as they are most likely to witness incidences of fraud, corruption and unlawful conduct first-hand...

By Tony Canny and Krevania Pillay 3 days ago

Eight people wanted for fraud, corruption
Eight people wanted for fraud, corruption

The East London Magistrate's Court has issued a warrant of arrest for eight people facing charges of fraud and corruption...

3 days ago

Coal's Makhado site. Source: Coal of Africa
Coal of Africa exec fined, suspended for insider trader

Coal of Africa's COO has been fined R350,000 for insider trading by the FSB) and was subsequently suspended by the company pending an internal investigation...

20 Mar 2017

PPP parties should learn from current SASSA/CPS saga
PPP parties should learn from current SASSA/CPS saga

The private sector, involved in current private public partnerships (PPP), needs to be aware and learn a lesson from the current SASSA/CPS saga...

By Lionel Egypt, Sarah McGibbon and Yana van Leeve 17 Mar 2017

Fledgling IP firm is Africa's 'Firm to Watch 2017'
Fledgling IP firm is Africa's 'Firm to Watch 2017'

Intellectual property magazine, Managing Intellectual Property has named Rouse Africa the winner in the “Africa - Firm to Watch 2017” category of its annual global IP awards...

16 Mar 2017

Credit life insurance regulations to come into effect in August
Credit life insurance regulations to come into effect in August

The credit life insurance industry has until August 2017 to align with the final Credit Life Insurance Regulations, the Department of Trade and Industry (dti) said on Tuesday, 14 March 2017.

15 Mar 2017

SABC-MultiChoice deal faces probe
SABC-MultiChoice deal faces probe

MultiChoice's controversial contract with the SABC is at risk of being cancelled after a parliamentary inquiry recommended the broadcaster's interim board should launch an independent investigation into the deal...

By Stephan Hofstatter 13 Mar 2017

NCR warns about pawning vehicles for loans
NCR warns about pawning vehicles for loans

The National Credit Regulator (NCR) is concerned about the rising number of consumers who pawn their motor vehicles in order to obtain loans...

10 Mar 2017

Take the proactive approach against rapid compliance changes
Take the proactive approach against rapid compliance changes

Rapid changes in the regulatory environment as a result of growing pressure from civil society are leaving organisations struggling to keep up with compliance overload...

Issued by LexisNexis 9 Mar 2017

Competition Commission places conditions on Pakco deal with Rhodes Food
Competition Commission places conditions on Pakco deal with Rhodes Food

The Competition Commission placed conditions on two food-group-related deals on Tuesday: Belgian confectioner Puratos's acquisition of half of Bidcorp's bakery...

By Robert Laing 7 Mar 2017

Samsung heir indicted for bribery, embezzlement
Samsung heir indicted for bribery, embezzlement

The heir to the Samsung empire and four other top executives were indicted Tuesday on multiple charges including bribery and embezzlement...

28 Feb 2017

Alphabet accuses Uber of stealing self-driving car technology

The race to develop self-driving vehicles took a new turn on Thursday when Google's parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology...

24 Feb 2017

New Zealand rejects Sky-Vodafone merger plan
New Zealand rejects Sky-Vodafone merger plan

New Zealand's competition watchdog rejected a multi-billion dollar merger between Vodafone NZ and pay-TV operator Sky on Thursday, saying the combined entity would have too much market power...

23 Feb 2017

Telkom-Cell C merger to grow connectivity in SA
Telkom-Cell C merger to grow connectivity in SA

The potential tie-up of Cell C and Telkom could boost the government's plans to increase connectivity to all citizens, analysts said on Wednesday...

By Thabiso Mochiko 23 Feb 2017

Source: Sibanye Gold
SARB rubber stamps Sibanye's Stillwater deal

Sibanye Gold's acquisition of Stillwater Mining Company has been approved by the SARB in terms of exchange control regulations...

21 Feb 2017

Dutch seek law to help block foreign telecoms takeovers
Dutch seek law to help block foreign telecoms takeovers

The Dutch government on Thursday, 16 February, proposed a draft law enabling it to block or annul takeover bids of communications firms by foreign companies "in the name of national security"...

17 Feb 2017

Discovery asks for dismissal of Afrocentric claim
Discovery asks for dismissal of Afrocentric claim

Discovery has asked to have the Competition Tribunal throw out a complaint of collective bargaining against them...

By Michelle Gumede 17 Feb 2017

Icasa can obstruct Blue Label deal with Cell C
Icasa can obstruct Blue Label deal with Cell C

The Independent Communications Authority of SA (Icasa) could scupper Cell C's survival plans if it does not allow Blue Label Telecoms to use the mobile operator's spectrum...

By Colleen Goko 9 Feb 2017

#BizTrends2017: Private equity trends - a new generation of investors in Africa
#BizTrends2017: Private equity trends - a new generation of investors in Africa

Africa is increasingly gaining prominence as a target destination for a more diverse group of investors, with a growing trend towards using fund structures to house African investments...

7 Feb 2017

SASSA to approach ConCourt over social grants contract extension
SASSA to approach ConCourt over social grants contract extension

The South African Social Security Agency says it will approach the Constitutional Court to ask for permission to validate and extend the contract of a company it currently uses to pay grants to millions of South Africans...

3 Feb 2017

IFRS 16 and how it affects financing transactions
IFRS 16 and how it affects financing transactions

The IASB has issued its new international accounting standards, which removes the distinction between finance leases and operating leases with effect from 1 January 2019...

By Lionel Shawe 27 Jan 2017

SARS ruling on tax on going concerns
SARS ruling on tax on going concerns

SARS provides guidance on the assumption of contingent liabilities when buying a business...

By Ben Strauss 24 Jan 2017

What are the CPA's best practice guidelines applicable to the motor industry?
What are the CPA's best practice guidelines applicable to the motor industry?

Last year, the NCC published for comment the draft best practice guidelines intended to provide procedural clarity in regard to alternative dispute resolution mechanisms for handling complaints involving the automotive industry...

By Justine Krige 23 Jan 2017

Legal advice boosts IPPs case against Eskom
Legal advice boosts IPPs case against Eskom

Independent power producers (IPPs), who are waiting for Eskom to sign power purchase agreements (PPA), are entitled to approach the courts to force Eskom to sign these agreements, the South African Renewable Energy Council (SAREC) said on Wednesday, 18 January...

By Lutho Mtongana 20 Jan 2017

Hollard's Imperial deal cracks nod
Hollard's Imperial deal cracks nod

Insurer Hollard's R2.3bn bid for Imperial's Regent group of companies advanced in December after the African leg of the deal (excluding SA) obtained the required regulatory approvals, Imperial said on Tuesday...

By Moyagabo Maake 18 Jan 2017

Trade mark registration: Truworths no longer has "the look"
Trade mark registration: Truworths no longer has "the look"

Ackermans has recently been successful in a precedent setting trade mark dispute against Truworths which was heard by the Supreme Court of Appeal. The trade mark at the centre of the dispute was “THE LOOK”...

By Janine Hollesen 16 Jan 2017

VW pleads guilty to US criminal charges, pays $4.3bn in 'dieselgate'
VW pleads guilty to US criminal charges, pays $4.3bn in 'dieselgate'

Volkswagen AG will plead guilty to three criminal charges and pay a total $4.3 billion in fines to settle the emissions cheating scandal known as "dieselgate"...

12 Jan 2017

Arms deal man sues Absa over closure of accounts
Arms deal man sues Absa over closure of accounts

Politically connected businessman Fana Hlongwane, whose bank accounts were closed after he underwent review as a politically exposed person in 2013, is suing Absa for R7m...

By Carol Paton 9 Jan 2017

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