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Weekly top stories


Crowdfunding a challenging solution to unsecured lending
[Jared Nickig] Crowdfunding - the collection of finance from backers to fund an initiative usually on internet platforms - could be seen as an attractive alternative to people looking for micro-loans. Read more >>


Legal
Amended Credit Bill will assist consumers
Although the National Credit Amendments Bill has been signed into law by the president, it can only come into effect once regulations have been published addressing and regulating certain sections. Read more >>

New immigration regulations have many shortcomings
The new immigration regulations, published on 23 May, contain an array of shortcomings which effectively make it impossible to apply for a work visa or other visa. Read more >>

Commercial Law
Medical aid reforms needed now, say experts
Reforms planned years ago will have to be implemented soon if medical aid schemes are to be affordable. Read more >>

Tribunal issues reasons for approval of Pfizer acquisition

Albert Aukema

In its reasons for approving Aspen Nutritional's acquisition of Pfizer's infant nutrition business, issued on 2 April 2014, the Competition Tribunal cautioned the Department of Health regarding measures introduced to achieve the Department's policy objectives, which may inadvertently impact on competition. Read more >>

Panel of Private Healthcare Inquiry addresses stakeholders

Leana Engelbrecht

On 16 April 2014, the panel of the Competition Commission's Private Healthcare Inquiry, through the presiding chairperson, retired Chief Justice Sandile Ngcobo, addressed stakeholders in respect of matters relevant to the Private Healthcare Inquiry. Read more >>

COMESA Competition Commission gives update on merger regime

Susan Meyer

Members of the competition law department of Cliffe Dekker Hofmeyr Inc. recently attended the 10th International Bar Association (IBA) Competition Conference in Cape Town where practitioners from around the world gathered to share views, knowledge and experience. Read more >>

Provisions in Tax Act when personal liability arises

Graeme Palmer

One of the fundamental consequences of incorporating a company is that it is a legal entity separate from its directors and shareholders, and therefore the persons who manage and own the company will generally not be liable for the debts of the company. Read more >>

Companies forced to take money laundering more seriously

Amanda Visser

The attention given to stop money laundering measures by company boards and management has increased sharply in the past decade with heavy fines imposed by regulators‚ who have done their part in raising the awareness and risks of noncompliance. Read more >>

Vodacom buyout important for Neotel

Thabiso Mochiko

The buyout of Neotel by mobile operator Vodacom "is very important" for the fixed-line operator's future‚ Neotel's Chief Executive Sunil Joshi said. Read more >>

Changes to Companies Act have profound implications
Financial managers of businesses can no longer rely on their auditors to draw up annual financial statements. This is due to the changes to the Companies Act which came into effect in January 2014. Read more >>

Criminal Law
100 telemarketing companies blacklisted for bogus debit orders
The Payments Association of South Africa (PASA) has blacklisted more than 100 telemarketing companies for illegally debiting consumers for goods and services that were not provided or for outright fraudulent transactions where banking details were obtained illegally. Read more >>

Public urged to assist police into death of miner
North West Premier Supra Mahumapelo has called on communities in the platinum belt to assist police investigations into the death of a man found hanging on a tree. Read more >>

Saul Shoot - 'As a matter of fact...'

Saul Aryeh Shoot

With reference to 'Is the ASA flouting the CPA?' published on Bizcommunity on 22 May,'Everyone is entitled to their own opinions, but they are not entitled to their own facts'[1]. The facts are as follows: Read more >>

Labour Law
Adhering to time frames in new Practice Manual a must

Shane Johnson

The Practice Manual of the Labour Court of South Africa came into effect on 2 April 2013. Since it has been in effect for over a year, it comes as no surprise that its enforceability has been considered by the Labour Court. Read more >>

Law Practice
Adams & Adams partners recognised by Who's Who Legal
The 2014 Who's Who Legal - Trade Marks edition recognises four Adams & Adams partners as among the finest trade mark attorneys in South Africa. They are Simon Brown, Mariëtte du Plessis, Darren Olivier and the firm's chairman Gérard du Plessis. Read more >>


International

International raid targets data-stealing computer virus: US
WASHINGTON, USA: An international dragnet has dismantled a global computer hacker network, which used a sophisticated computer virus to steal millions of dollars from companies and consumers, the US Justice Department said. Read more >>

Despite court verdict, YouTube remains blocked
ANKARA, TURKEY: Popular video-sharing site YouTube remained blocked in Turkey over the weekend despite the country's top court ruling that the blanket ban contravened the right to free speech. Read more >>

Pirate Bay co-founder arrested in Sweden
STOCKHOLM, SWEDEN - The co-founder of file-sharing website The Pirate Bay, Peter Sunde, was arrested in southern Sweden after two years on the run, Swedish police have confirmed. Read more >>

'Thefties' nab 'selfies' of smartphone thieves
SAN FRANCISCO, USA: Mobile security startup Lookout is turning smartphones and tablets against gadget thieves with a new feature that - when possible - and snapping a picture of the culprit who took the phone. Read more >>

Iranian court issues summons against Zuckerberg
TEHRAN, IRAN: An Iranian judge has summoned Facebook founder and Chief Executive Mark Zuckerberg to answer allegations that his Facebook has breached people's privacy. Read more >>

US hacker turns FBI informant, walks free
NEW YORK, USA: A hacker who directed hundreds of cyber attacks on the websites of foreign governments before turning FBI informant walked free after being handed a symbolic seven-month sentence. Read more >>

Singapore blogger offers PM compensation for defamatory post
SINGAPORE - A Singaporean blogger accused by Prime Minister Lee Hsien Loong of defamation on Tuesday offered compensation after initially refusing to do so, as the premier's lawyer accused him of lacking contrition. Read more >>


More International


Government

Gigaba outlines new Immigration Regulations
The newly-appointed Home Affairs Minister Malusi Gigaba has outlined the Immigration Regulations, which came into effect on Monday, 26 May. Read more >>


More Government news


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Upcoming events

Government Contracts and Procurement Law
UCT Professional Development Project - 4 Jun 2014 to 6 Jun 2014 Cape Town


All industry news


Marketing & Media
    Brands they are a-changin' - Louise Marsland
    Coolest brands in SA - BMW, Coca-Cola, Nike, Samsung, Apple
    Four social media marketing trends every marketer must know - Joseph Neusu
    The story of the African consumer - Laine Barnard

    Medical
      Medical technology vastly improves patient care - Janine McEwan
      Visiting Brazil - stay healthy

      Retail
        Foschini hikes credit criteria - Zeenat Moorad
        SA youth rate Sandton City the 'coolest' mall
        Online pop-up shop donates all to charity

        Government
          Jo'burg council chambers to get R103m facelift - Penwell Dlamini and Lehlohonolo Tau
          Tributes pour in for Maya Angelou

          Mining
            AMIS confirms presence at Turkey-Eurasia Mining
            Minerals minister unveils mining task team
            Cutifani keynote speaker at Joburg Indaba

            CSI
              Ruyterwacht Senior Centre receives R10,000 from Engen Monte Vista
              Tattoo-a-thon aims to raise R705,000 for CHOC
              Community project enables underprivileged schools to focus on education

              Finance
                Massmart feels 'consumer plight' - Zeenat Moorad
                Standard Bank defends high salaries to executives - Phakamisa Ndzamela
                OUTsurance pleased with OSTI results

                Agriculture
                  Sugar strike set to continue - Stanley Karombo
                  EU rules against SA citrus ban, imposes stricter import criteria - Paul Vecchiatto
                  Small-scale maize millers will boost food security

                  Building
                    Investment in Africa's power sectors of paramount importance
                    Pilot Crushtec delivers cone crusher to Ugie Mac Quarry
                    Cape skyscraper is city's first in 21 years - Joan Muller

                    GreenBiz
                      Eco-conference encourages diversification of activities
                      Honorary Rangers celebrate 50th anniversary
                      Research on dandelion wins Continental Greentech Award

                      HR & Recruitment
                        Calls for African leaders to prioritise jobs
                        Honesty is key when searching for a job
                        [BizCareers] Is my experience not targeted enough? - Juliette Attwell

                        Manufacturing
                          Packaging in SA is always changing shape - Mark Allix
                          Nampak earnings up 7.4% to 114.3c - Mark Allix

                          Property
                            JHI Properties helps 'fresh young talent'
                            Property contributes R191.4bn to SA economy - Alistair Anderson
                            Gordhan's appointment to affect property market

                            Education
                              AFDA Durban to host Open Day
                              The IIE gets international stamp of approval
                              University of Pretoria students to represent SA in Mumbai

                              Tourism
                                SA hospitality businesses awarded Certificate of Excellence
                                Lilizela Tourism Awards extends entry deadline
                                The Marly... Poster child for great design - Brian Berkman

                                ICT
                                  Why ERP is one of the most important decisions you'll ever make - Meryl Malcomess
                                  IT needs to stand up to business
                                  Innovation Factory launched in Pretoria

                                  Logistics
                                    Decade of logistics cost information now available
                                    SkyNet partners SAQA to distribute Apply Now! booklets
                                    Boating World experiences growing demand for luxury vessels in Angola

                                    Lifestyle & Entertainment
                                      Artists announced for Durban July
                                      Nominees announced for the MTV Africa Music Awards
                                      New website as Assembly Radio turns two

                                      Automotive
                                        VW SA produces its 2 millionth engine
                                        Join the Harley-Davidson World Ride
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