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| DHEVARSHA RAMJETTAN New National Minimum Wage hourly rates, effective 1 March 2023, will have a significant impact on labour-intensive industries... read |
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| WEBBER WENTZEL FINANCE TEAM read |
| | | ISSUED BY CAPITAL LEGACY read |
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| BRETT ABRAHAM & MEHNAAZ BUX From 1 March 2023, the earnings threshold will increase to R241,110.59, entitling employees falling below the new threshold to stricter protections in terms of labour legislation... Read |
Criminal Law |
| TASSILO HUMMEL, ALEXANDER WINNING AND BHARGAV ACHARYA International financial crime watchdog the Financial Action Task Force said it was adding South Africa and Nigeria to its so-called "grey list" of countries under special scrutiny to implement standards to prevent money laundering and terrorism financing... Read |
| The increase in the number of these non-compliant businesses in the sector is a growing problem nationally... Read |
Intellectual Property Law |
| MultiChoice has announced that 5,000 counterfeit remote controls infringing on the company's DStv logo trademark have successfully been destroyed... Read |
Labour Law |
| HUMPHREY MALALO AND AYENAT MERSIE Facebook parent company Meta has filed an appeal in Kenya challenging a ruling that said the company could be sued in the East African country even though it has no official presence there... Read |
Legislation |
| Cooperative Governance and Traditional Affairs (CoGTA) Minister, Dr Nkosazana Dlamini Zuma, on Monday gazetted the disaster management regulations on electricity constraints... Read |
| The National Assembly has passed the Electoral Amendment Bill and adopted the Report of the Portfolio Committee on Home Affairs, along with amendments proposed by the National Council of Provinces, during its virtual plenary on Thursday... Read |
| The case brought forward by ActionSA and UDM is set to be heard on 20 March 2023 in the Gauteng High court... Read |
Tax Law |
| ELZAHNE HENN Despite speculations that government has revived plans to introduce a wealth tax, Sars' focus has instead shifted to compliance of wealthy taxpayers with complex financial structures as well as trusts.. Read |
| ABIGAIL MOYO The National Budget contained some good news for workers, their families, and retirees... Read |
| Godongwana said the tax incentive available for businesses would be temporarily expanded to encourage rapid private investment... Read |
| KATJA HAMILTON The Eskom debt relief, amounting to R254bn, requires a step change in public debt which will result in government debt stabilising at 73.6% of GDP in 2025/26... Read |
| CHRIS BLAIR In the budget speech on 22 February 2023, minister of finance, Enoch Godongwana warns of tax hikes if calls for basic income grants persist... Read |
Business |
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| Eskom has appointed Calib Cassim as its interim chief executive following Andre de Ruyter's departure... Read |
| SINDY PETERS If everything stays exactly the same, the electricity crisis will get significantly worse in 5-10 years' time, says the CSIR's Warrick Pierce... Read |
| This will see government forego R4bn in revenue... Read |
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