Legal Articles and Guides
‘The cannabis sector promises to be the new avenue for growth and job creation in SA, and the sooner a predictable policy and legislative framework is promulgated, the better for the country’s economic fortunes.’
Cell C has asked law firm Bowmans to investigate business units possibly involved in 'irregular' practices after its debt rating was recently downgraded to reflect that a default had become a 'virtual certainty'.
Key government departments have cancelled large security contracts with corruption-accused African Global Operations (AGO), formerly Bosasa, according to a Business Day report.
Convicted murderer Jason Rohde will urgently apply for bail this week so that he can deal with a hostile business partner who is a threat to the financial security of his daughters. ‘I respectfully submit that in the interests of justice I am permitted bail to afford me the opportunity to generate income and maintain my children financially, and of course, afford them emotional support,’ he stated in his application filed in the Western Cape High Court last week.
Former Public Protector Thuli Madonsela’s ‘Secure in Comfort’ report on the security upgrades at former President Jacob Zuma’s Nkandla residence was a watershed moment in holding the executive to account, and has a lot to do with events playing out now.
SARS and the National Treasury are working with the criminal justice system to pursue a civil complaint and criminal charges against Bain & Company, the Boston-based consultancy that contributed to the destruction of SARS during the tenure of axed Commissioner Tom Moyane.
Dutch law firm BarentsKrans has started legal proceedings against Steinhoff, the group said in an update to shareholders yesterday, according to Fin24. This comes after the firm initially invited shareholders in September last year to join a potential class action suit in the District Court in Amsterdam against the retailer.
The SCA was recently asked – in Schoeman & Others v Lombard Insurance Co Ltd – to rule on the correct interpretation of the mode of delivery clause contained in an on-demand guarantee and whether delivery to the guarantor is sufficient and constitutes a valid demand.
Steinhoff is claiming R870m from former CEO Markus Jooste and an additional R272m from former CFO Ben la Grange for 'unjustified enrichment', according to a summons filed in the Western Cape High Court.
The Gauteng High Court (Pretoria) heard arguments yesterday in a case between Gupta-owned companies, in which Oakbay – the family's holding company – is seeking an order to have Tegeta Exploration and Resources' business rescue practitioners removed.
Group Five shareholders, who are likely to walk away empty-handed after the collapse of the construction firm, are considering suing directors for allegedly misleading them about the circumstances leading to its collapse.
Peter Moyo plans to launch a lawsuit against his former employer Old Mutual after he was fired as the CEO of the insurer over an alleged conflict of interest, his lawyer said yesterday, according to a Business Day report.
Retailer Steinhoff has posted a loss of €1.19bn (R19.35bn at current exchange rates) for the year ended September 2018, notes a Fin24 report. The Stellenbosch-headquartered conglomerate published its delayed 2018 audited earnings report after the close of SA markets yesterday.
The Zondo Commission of Inquiry into State Capture has told former President Jacob Zuma’s lawyers it urgently needs him to agree within five weeks to testify. But, notes a Business Day report, Zuma’s lawyer, Daniel Mantsha, said his client continued to question the impartiality of the inquiry, while also denying that the former President is not co-operating with its investigation.
The Public Protector has given everyone who scored from a dodgy R39m Nelson Mandela memorial service a pass. A Mail & Guardian report says Busisiwe Mkhwebane has found that the DG who approved the irregular payments should be held solely accountable.