Legal Articles and Guides
Red flags over high-profile media merger
A court showdown involving some of SA’s major media stakeholders looks set to reshape the country’s media landscape.
BP confirms Cape Town fuel shortage
BP SA has confirmed that it is experiencing a fuel shortage at its service stations in Cape Town after an unplanned local refinery outage.
Chinese e-tailers must have SA bases
Takealot has told SARS that Chinese e-commerce majors Shein and Temu should be forced to set up bases in SA through local offices and distribution centres so that the fiscus and economy benefit from their operations.
Sibanye takes massive hit in UK court dispute
Sibanye-Stillwater may be liable for as much as $1.2bn (about R21bn) in compensation to a UK private equity firm after a court ruling that threatens to worsen the strain on a company already reeling from tumbling platinum group metal (PGM) prices, reports Business Day.
Banxso’s link to the Banc de Binary scam unpacked
The Cape Town-based trading platform Banxso has strong links to one of the world’s largest international binary options scams operating between 2010 and 2017.
MultiChoice accepts Canal+'s 'fair' offer
Standard Bank, roped in as an independent expert to consider French media giant Canal+'s R125 per share offer for MultiChoice, has determined the offer is fair and reasonable.
Retail giant Pick n Pay ‘technically insolvent’
Pick n Pay is technically insolvent and has breached all its debt covenants, which shows the retailer is in serious financial trouble.
Developer forced into share sale agreement
Michael Georgiou, a non-executive director at JSE-listed Accelerate Property Fund, was forced into a share sale earlier this month which saw 107m shares in the group disposed of.
Binance fights minority partner in SA court
Binance Digital Ltd – the world’s largest cryptocurrency exchange in terms of daily trading volumes – has been hauled to court in SA to thwart its attempt to force a business partner into arbitration which would keep its business conduct out of public attention, says a Daily Maverick report.
Telkom shareholders approve Swiftnet sale
Telkom shareholders have approved a deal that will see SA’s largest fixed line operator selling its masts and towers portfolio.
Steinhoff executive jailed in Germany
A former business associate of the late Steinhoff boss Markus Jooste has been sentenced to six years in jail in Germany on 20 counts of tax evasion.
Thebe Investment addresses Shell exit
Thebe Investment Corporation yesterday said it pulled out of its involvement with Shell two years, ago but there is a dispute between the parties about the value of shares sold back to the petroleum giant.
Grave concerns over Shell’s planned departure
Chairperson of the Portfolio Committee on Mineral Resources & Energy, Sahlulele Luzipo, yesterday said Shell’s decision to divest from SA is a matter of concern and is not ideal as it comes at the end of their term.
Bid to deny fees to business rescuer fails
Business rescue practitioner (BRP) Herman Bester has successfully defended a court bid to forfeit his fees. The Western Cape High Court found that there was no basis for the claims of gross negligence.
Real estate agents in BEE cross-hairs
More than 40% of the country’s real estate agencies and nearly half of the 40 000 registered real estate agents’ operations could be disrupted due to the government’s latest BEE requirements that it is enforcing on the private sector.