https://www.bizcommunity.com/196/547.html South Africa Corporate & Commercial Law news 15 Corporate & Commercial Law news - South Africa https://www.bizcommunity.com/res/img/logo.gif https://www.bizcommunity.com/196/547.html en-us Thu, 30 Jul 2026 04:47:39 +0200 https://www.bizcommunity.com/article/the-danger-of-ambiguous-consent-settle-clauses-in-professional-indemnity-policies-634611a A United States court has held, in Kinsey & Kinsey, Inc. v Philadelphia Indem. Ins. Co. [2026], that a professional liability insurer breached its policy by settling a claim against one insured without the consent of the other insureds named under the same policy, despite a clause requiring the insurer to obtain “your consent” before settling. 1-270181 Fri, 24 Jul 2026 11:20:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/novo-nordisk-v-idexis-whats-in-a-name-or-in-this-case-a-compounded-medicine-634621a The legal battle between Novo Nordisk and Pretoria-based pharmacy group iDexis could reshape South Africa’s compounding medicine landscape. 1-270161 Fri, 24 Jul 2026 09:18:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/inside-the-precca-amendment-bill-part-2-the-ai-impact-189196a No discussion of corruption compliance in 2026 is complete without addressing artificial intelligence. 1-270148 Fri, 24 Jul 2026 08:03:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/inside-the-precca-amendment-bill-part-1-harsher-sentences-lower-thresholds-301358a South Africa has been fighting corruption with legislation that, frankly, lacked teeth. The Prevention and Combating of Corrupt Activities Act 12 of 2004 (Precca) has long been the cornerstone of the country's anti-corruption framework — criminalising bribery, fraud and a broad range of corrupt conduct in both the public and private sectors. 1-270133 Thu, 23 Jul 2026 10:40:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/when-does-business-rescue-actually-begin-high-court-rules-523860a Business rescue has become a cornerstone of South African corporate insolvency law. Introduced by Chapter 6 of the Companies Act 71 of 2008 (the Act), it seeks to rehabilitate financially distressed companies while preserving value for creditors, employees and shareholders. 1-270026 Mon, 20 Jul 2026 14:05:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/israeli-interest-in-offshore-oil-and-gas-exploration-off-sas-west-coast-raises-questions-064125a Environmental justice group The Green Connection has issued an open letter to President Cyril Ramaphosa after reports that Navitas Petroleum LP, an Israeli oil and gas firm, is poised to operate offshore exploration of Block 1 CBK in the Orange Basin off South Africa’s West Coast. 1-269737 Thu, 09 Jul 2026 09:48:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/accidental-data-leaks-are-still-popia-violations-397898a The Central Johannesburg Tvet College (the College) was placed under administration to address governance failures, including undisclosed criminal records and conflicts of interest among staff. As part of this process, employees' personal information was collected to verify their academic qualifications and criminal records. This was done by a service provider preparing personal credential verification reports. 1-269563 Fri, 03 Jul 2026 08:23:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/compcomm-to-launch-inquiry-into-franchise-market-731242a On 26 June 2026, the South African Competition Commission published draft terms of reference (ToR) for a proposed market inquiry into franchise markets. The inquiry is initiated under section 43B(1)(a) of the Competition Act 89 of 1998 (Act), on the basis that the Commission has reason to believe there are features that may impede, distort or restrict competition in the South African franchise business market. 1-269552 Thu, 02 Jul 2026 13:30:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/king-v-and-the-companies-act-why-ai-cant-replace-directors-408949a While artificial intelligence can enhance boardroom efficiency, directors must tread carefully. Delegating fiduciary responsibilities to an AI model — or adopting its outputs without independent evaluation - can strip board members of their Business Judgment Rule protections. 1-269515 Wed, 01 Jul 2026 12:30:00 +0200 Bizcommunity Corporate & Commercial Law South Africa https://www.bizcommunity.com/article/south-africa-top-court-says-bank-rand-rigging-case-can-proceed-953844a South Africa's Constitutional Court ruled on Tuesday, 30 June 2026 that competition authorities can pursue forex-rigging claims against six banks including JPMorgan Chase, BNP Paribas and HSBC, clearing the way for a full hearing of allegations that global lenders colluded to manipulate the rand more than a decade ago. 1-269484 Wed, 01 Jul 2026 09:30:00 +0200 Bizcommunity Corporate & Commercial Law South Africa