Van der Merwe du Toit inc. BEE Verification Certificate

Van der Merwe du Toit inc. BEE Verification Certificate
July 11, 2014
New share buyback provisions in the Companies Act

New share buyback provisions in the Companies Act

On 25 July 2024, the amendments to the Companies Act 71 of 2008 (the “Act”) were assented to by the President. Since then, certain provisions of the Companies Amendment Act 16 of 2024 (the “Amendment Act”) have come into operation on 27 December 2024. The Amendment Act introduces amendments to section 48 of the Act, which deals with share buyback transactions and is one of the provisions which are now in operation. A brief discussion of the amendments to section 48 follows.

Starlink’s signal “jammed” in SA? Navigating regulatory hurdles.

Starlink’s signal “jammed” in SA? Navigating regulatory hurdles.

American satellite internet giant Starlink is set to make waves in South Africa but has locked horns with the Independent Communications Authority of South Africa (“ICASA”). Starlink has urged ICASA to rethink its requirements for issuing licenses to service providers in South Africa, set in terms of the Electronic Communications Act 36 of 2005 (“ECA”). This clash between a large international enterprise and the South African government highlights the complexities of introducing foreign investment into a well-established Black Economic Empowerment (“BEE”) regulatory environment. What follows below is a brief observation of the latest developments regarding Starlink’s proposed entry into South Africa as a service provider and foreign investor.

Merger retrenchments or operational cuts – Where’s the line?

Merger retrenchments or operational cuts – Where’s the line?

2024 was filled with a flurry of new proposed acts, regulations, and landmark judgments, so, understandably, some significant decisions may have gone unnoticed. One such case is the recent judgment in Coca-Cola Beverages Africa (Pty) Ltd v Competition Commission and Another 2024 (4) SA 391 (CC) (17 April 2024), wherein the Constitutional Court examined whether retrenchments were merger-specific or the consequence of operational requirements.

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