Legal Articles and Guides
FSCA erred in suspending JP Markets
The Financial Sector Conduct Authority (FSCA) was wrong to shut down JP Markets, then SA’s largest online broker with more than 300 000 clients, according to a judgment handed down by the SCA yesterday.
ConCourt refuses to hear Steinhoff liquidation appeal
The Constitutional Court has refused Steinhoff's application for leave to appeal a Western Cape High Court ruling that found it had the requisite jurisdiction to hear the liquidation matter.
SCA slams Santam’s ‘tortured’ attempt to avoid liability
The SCA has dismissed an appeal by Santam against a contingent business interruption (CBI) claim verdict, offering certainty to one of the most contentious legal debates in the short-term insurance industry since the start of the Covid-19 pandemic.
Commission thumbs up for big mergers
The Competition Commission has made a number of key recommendations for approval, including giving retail pharmacy Clicks the green light to acquire 25 Pick n Pay retail pharmacies.
Billions in electricity debt to be written-off
The City of Johannesburg has signed an MoU with Eskom to take over its consumer base in the metro, which will include absorbing billions in customer debt, reports The Citizen.
Business gets a breather as lockdown is eased
As SA emerges from its third wave of coronavirus infections, Cabinet has agreed to further ease lockdown restrictions and move the country from adjusted alert level two to level one, President Cyril Ramaphosa announced last night.
Steinhoff bid for urgent settlement hearing struck off
The Western Cape High Court has rejected Steinhoff’s bid for an urgent hearing of its settlement proposal with local claimants, ratcheting up the pressure on the embattled retailer that faces a series of deadlines in its bid to remain afloat.
Zondo Commission gets extension to year-end
The State Capture Inquiry has been granted a fifth extension, giving the team another three months to complete three years’ work.
Eskom cut-off ruling has wide implications
Although, as reported previously, Eskom has been dealt a blow in its bid to recover unpaid bills after the Constitutional Court upheld a ruling by the SCA that the power utility’s decision to disconnect electricity to two defaulting municipalities was irrational, the implications for the state are much broader.
NCR accused of backing banks against home-owners
The National Credit Regulator (NCR) is accused of siding with the banks in a R60bn class action brought by the Lungelo Lethu Human Rights Foundation after it demanded the return of documents that purport to show perjury by the banks and a pattern of selling foreclosed houses for a song, says a Moneyweb report.
Push for law to unleash business start-ups
Start-up players in SA recently released findings as part of a proposal to create a start-up law, calling on government for legislation to enable local tech-backed businesses to scale faster and compete globally without having to go offshore.
Race-based criteria for funding aid ruled unlawful
The SCA found yesterday that it was unlawful for the Tourism Minister to require that tourism businesses meet B-BBEE requirements in order to be considered for relief from government's Covid-19 fund, says a Fin24 report.
Tribunal approves Burger King sale
The Competition Tribunal has given the sale of the SA franchise of Burger King by Grand Parade the go-ahead, with conditions, allowing foreign investment worth about R470m to flow into the country.
Sapo workers face loss of medical aid cover
About 15 000 SA Post Office (Sapo) employees and pensioners may have no medical aid from next month after the Medipos medical scheme told them it was cutting them off because it is owed R602m in member contributions by the postal service, according to a Sunday Times report.
Contractors still not paid despite Protector's order
Three contractors in Gauteng died while still waiting for the Gauteng Department of Human Settlements to pay them for work done on a low-cost housing project in Alexandra, Johannesburg, more than 20 years ago, says a City Press report.
