vLex South Africa

  • A Snapshot of COVID-19 Related Unemployment in South Africa

    COVID-19 and the consequent economic effects have meant significant job losses for the people of South Africa. Many families have been affected, and our future generation (the youth) are affected both immediately and in the long run. The impact of COVID-19 on access to education has been significant and disproportionately affected learners in poorer households. This immediate effect will have long-term consequences, which, coupled with the direct employment effects of COVID-19, are concerning. Please see full Publication below for more information. (See Article)

    Oct 16, 2020 6:32 AM

  • Africa Focus: Autumn 2020 - Institutional arbitration in Africa: Opportunities and challenges (Africa's arbitration options and caseloads continue to rise)

    International arbitration remains the dispute resolution mechanism of choice for cross-border disputes. Although this is a global trend, recent years have seen a significant increase in the use of international arbitration to resolve disputes involving African parties. (See Article)

    Oct 1, 2020 6:32 AM

  • Greater Focus on ESG Provides Our Compass to the Future

    President Ramaphosa’s call to action on the green economy in his newsletter this week signalled recognition of the need for South Africa to build its recovery based on a climateresilient economy fit for these unprecedented times. Please see full Publication below for more information. (See Article)

    Sep 3, 2020 6:31 AM

  • High Court of South Africa Decision Provides Hints on Relationship Between Terminating an Employment Contract and Dismissing an Employee

    A recent case decided by the High Court of South Africa dealt with the curious interplay of an employee’s rights as they arise from both a written contract of employment and labor legislation. Although the judgment may at first seem confusing, a careful analysis sheds light on how these parallel sources of rights and obligations operate in conjunction. (See Article)

    Sep 1, 2020 6:32 AM

  • Time for Africa to Step Up Its Digital Transformation

    Africa could be playing a far greater role in the development of the global digital economy but it requires bold decisions if the continent is to influence global affairs, the global economy and the global imagination. This was the vision of economic change outlined in The Economist’s special Report on The African Century (May 2020). Please see full Publication below for more information. (See Article)

    Aug 28, 2020 6:31 AM

  • Building Resilience Post a Cyber Incident

    Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” Rarely can the ‘sage of Omaha’ be disputed, but on his point around timing, five minutes is a very long time in today’s real-time world when you’re dealing with a cyber-attack. Please see full Publication below for more information. (See Article)

    Aug 6, 2020 6:32 AM

  • Warranty and Indemnity Insurance in the New Dynamic

    An increasingly common feature of the global mergers and acquisitions markets has been the use of warranty and indemnity insurance (“W&I Insurance”), also referred to as reps and warranties insurance. The use of W&I Insurance has been one of the more significant developments in M&A transactions in recent years. Although used on some South African transactions, W&I Insurance is not as commonly used as it is in the European and North American markets. (See Article)

    Jul 27, 2020 12:32 PM

  • COVID-19 – What will the SA mining industry look like after the pandemic?

    It is fair to say that although the South African mining industry represents 8% of our GDP, and employs approximately 450 000 people, by 2019 figures, it is SA's sweetheart industry. The mining industry was one of the first industries to be permitted to resume activities during the lockdown (and in some instances did not even fully shut down at all). Please see full Publication below for more information. (See Article)

    Jul 9, 2020 2:32 PM

  • Forensic Practitioners Post COVID-19 - South Africa

    With numerous sectors experiencing financial distress and companies and individuals facing the increased likelihood of insolvency as a result of the economic disruption caused by Covid-19, forensic practitioners will play a key role in supporting South Africa’s economic recovery. Please see full Publication below for more information. (See Article)

    Jun 9, 2020 6:32 AM

  • In South Africa, Cybersecurity investments are needed to mitigate increasing risks amid COVID-19 pandemic

    Lack of cybersecurity preparedness continues to create problems and risks for companies in South Africa. Lack of cybersecurity preparedness continues to create problems and risks for companies in South Africa. The 2020 FTI Consulting Resilience Barometer, which polled more than 2,000 respondents from large companies across all G20 countries, reported that companies in the region are suffering cyber attacks and falling victim to ransomware more than global averages (33% vs. 27% for overall attacks). While most leaders in the region are aware of the risks - 84% surveyed believe they have cybersecurity gaps - less than half said they have made investments in that part of their business in the last 12 months. This disparity between known risk and response is concerning even during the best of times. Please see full Publication below for more information. (See Article)

    Jun 8, 2020 8:32 AM

  • Hogan Lovells' Interview with Pete Frielinghaus on Business Continuity Management in Africa

    Tobias Faber and Camilla Fröhlich from the Frankfurt office virtually interviewed Pete Frielinghaus, a resilience specialist and fellow of the Business Continuity Institute, on Business Continuity Management (BCM) in Africa and the implications of COVID-19 on BCM. Please see full Publication below for more information. (See Article)

    Jun 1, 2020 6:32 AM

  • COVID-19: African unity and the opportunity for a paradigm shift

    With more than 3 million cases worldwide, COVID-19 has not spared any continent. As of 14 May 2020, almost 50,000 cases of COVID-19 had been recorded across 52 countries in Africa, with over 2,000 deaths. (See Article)

    May 22, 2020 6:32 AM

  • Memorandum of understanding (commercial) Q&A: South Africa

    South Africa-specific information concerning the key legal and commercial issues when entering a memorandum of understanding in anticipation of a future commercial transaction. This Q&A provides country-specific commentary on Standard document, Memorandum of understanding (commercial): Cross-border. (See Article)

    May 19, 2020 6:32 PM

  • Business Unusual for South African Private Equity

    Survey - The widespread disruption caused by the Coronavirus pandemic has led to ‘business unusual’ for many companies in South Africa as they respond to new challenges in an unpredictable and rapidly changing operating environment. Please see full Publication below for more information. (See Article)

    May 18, 2020 6:33 AM

  • COVID-19 - NUMSA v SAA – The death knell to successful business rescue?

    On Friday, 8 May 2020, the Labour Court upheld an urgent application by the National Union of Metalworkers of South Africa (NUMSA) and the SA Cabin Crew Association (the Unions) against South African Airways (SAA) and its business rescue practitioners.... (See Article)

    May 15, 2020 6:32 AM

  • COVID-19: South African Government Financial Assistance Measures

    On 21 April 2020, the President of South Africa addressed the nation yet again to inform South Africans of additional economic and social relief measures to be put in place as a result of the novel coronavirus (“COVID-19”) pandemic... (See Article)

    May 13, 2020 6:33 AM

  • COVID-19 SA – AMCU Judgment and the effect on all mines

    On 1 May 2020, the Labour Court handed down a highly anticipated order in the application instituted by the Association of Mineworkers and Construction Union (AMCU) against the Minister of Mineral Resources and Energy (Minister) and the Chief Inspector of Mining (CIM), amongst others. Please see full Publication below for more information. (See Article)

    May 12, 2020 8:32 AM

  • Personal Information and COVID-19 - Information Regulator publishes Guidance Note

    Pursuant to the Regulations published in terms of section 27(2) of the Disaster Management Act 57 of 2002 (Regulations) and the subsequent amendments thereto, the Information Regulator, established in terms of The Protection of Personal Information Act 4 of 2013 (POPI Act) has issued a Guidance Note on the processing of personal information of data subjects in the management and containment of COVID-19. (Guidance Note). Please see full Publication below for more information. (See Article)

    May 12, 2020 6:33 AM

  • Employers and employees in Alert Level 4 – South Africa (COVID-19)

    New regulations were published by the Department of Cooperative Governance and Traditional affairs on 29 April 2020 (the “Regulations”, gazette no. 43258) outlining the rules applicable during Alert Level 4 and the Department of Employment and Labour (the “DEL”) provided a briefing to media, addressing expectations on employers to ensure employees’ safety and mitigate the spread of the virus in the workplace. (See Article)

    May 12, 2020 6:33 AM

  • What "Alert Level 4" means for mining operations

    On 29 April 2020, regulations were issued in terms of the Disaster Management Act 57 of 2002 that regulate how the country will operate under an Alert Level 4 (Regulations). The Alert Level 4 will be applicable from 1 May 2020 until a new alert level is announced by the government. Please see full Publication below for more information. (See Article)

    May 6, 2020 6:32 AM

  • South Africa | Why post-COVID-19 is a good time to beneficiate

    Who makes the best chocolate in the world, the Swiss or the Belgians? Either way, neither of these countries owns vast tracts of cocoa plantations. They import the raw materials to make the chocolate. Yet we would all agree that the greatest economic value is unlocked when cocoa beans become chocolate. It is sad to say that resource-based economies are not the wealthy ones. Please see full Publication below for more information. (See Article)

    Apr 29, 2020 6:32 AM

  • COVID-19 and an Oil Price Collapse: Impact on Energy Security in Africa – Challenges and Opportunities

    The coronavirus disease (COVID-19) has arrived in Africa and it will need an African response if it is to be successfully managed. In early March there were few reported cases on the continent. (See Article)

    Apr 28, 2020 6:32 AM

  • E-signatures in the time of COVID-19

    In these unprecedented times with almost half the planet on some form of lockdown, businesses across the globe are looking for practical solutions to complete transactions. Please see full Publication below for more information. (See Article)

    Apr 27, 2020 6:32 AM

  • South Africa’s Response to COVID-19: Economically, Between Rock and a Hard Place

    What makes responding to COVID-19 so difficult is that the “correct” response from a medical, clinical perspective and the “correct” response from an economic perspective require different, even opposite, approaches. From a clinical perspective, we need to do everything that we can to stop transmission of the virus. In practice, this means confining people to their homes and putting the country under lockdown. Effectively, this means shutting down economic activity outside of essential services. From an economic perspective, and from a South African economic perspective, we want to ensure that economic activity keeps ticking over and even growing at a time when the economy is already on its knees. Please see full Publication below for more information. (See Article)

    Apr 24, 2020 6:32 AM

  • Counter Proliferation Financing

    The threat of proliferation financing is an ever increasing and a concerning threat. The reality is that not all banks (and countries for that matter) understand what proliferation finance is, what it looks like, how to identify it and what measures to put in place to mitigate this risk. Please see full Publication below for more information. (See Article)

    Apr 21, 2020 6:32 AM

  • Directions issued by the Minister of Mineral Resources and Energy

    The Minister of Mineral Resources and Energy, Mr Gwede Mantashe, has issued Directions in terms of the Disaster Management Act in order to provide additional guidance to the mining industry during the national state of disaster, which was declared in relation to the COVID-19 pandemic. The latest Directions were issued on 11 April 2020 and will be in effect until the end of the nationwide lockdown. Please see full publication below for more information. (See Article)

    Apr 20, 2020 8:32 AM

  • South Africa | A reprieve for the Mining Industry - mining operations may start to operate at 50% capacity, subject to strict conditions

    On 16 April 2020, amendments were issued to the regulations published under the Disaster Management Act, 2002, in response to the COVID-19 pandemic, which will significantly impact the mining industry during the nationwide lockdown. Please see full below for more information. (See Article)

    Apr 20, 2020 6:32 AM

  • COVID-19 - Competition measures to protect consumers in Africa

    As the COVID-19 pandemic has gripped countries globally, and there has been widespread reports of opportunists taking advantage of the panic buying to hike prices dramatically. A number of regulatory authorities have taken swift action to protect consumers. Please see full Publication below for more information. (See Article)

    Apr 10, 2020 6:32 AM

  • Covid-19 coronavirus: virtual and e-signings under South African law

    With the current Covid-19 lockdowns restricting the mobility of signatories on a global scale, virtual and e-signings are hot topics. (See Article)

    Apr 7, 2020 6:33 AM

  • The Minister of Trade, Industry and Competition issues further exemptions in fight to stabilize the South African economy amid the COVID-19 pandemic

    Since President Cyril Ramaphosa declared a National State of Disaster on 15 March 2020, various government Ministers have issued regulations to deal with the emergency. (See Article)

    Apr 2, 2020 6:33 AM