Legal Articles and Guides
UIF escapes disclaimer, but…
The Unemployment Insurance Fund (UIF) ‘miraculously’ escaped a disclaimer when it landed a qualified audit opinion for the 2021/22 financial year, says a report in The Mercury.
Dis-Chem counts the cost of ‘no whites’ letter
Dis-Chem has disclosed the impact of a controversial internal memo penned by former CEO Ivan Saltzman in October 2022 that prohibited the appointment and promotion of white people at the group.
Government takes hard line on illegal spaza shops
Government wants to clamp down on spaza shops being run by foreign nationals who are in the country illegally and who have not invested financially as required by law, reports EWN.
Property syndication complaints a ‘serious problem'
The Financial Advisory and Intermediary Services Ombud, which handles disputes in the sector, put more than R39m back into consumers’ pockets over the past financial year, reports the Mail & Guardian.
Jooste to challenge R15m JSE fine ruling
Former Steinhoff boss Markus Jooste is continuing to fight efforts by the Johannesburg Stock Exchange (JSE) to fine him for his role in SA's largest accounting scandal, reports Fin24.
R3bn Ponzi rip-off allegedly involved 2 000 clients
City Press has revealed details of a massive Ponzi scheme it says is worthy of infamous Wall Street scamster Bernie Madoff.
ConCourt to address SA Coke firm's merger
SA’s competition tsar will next month tell the Constitutional Court that the SA arm of Coca-Cola Beverages Africa (CCBA) conjured up a plan to get rid of workers after a 2016 merger, contravening one of the key conditions set by authorities in approving the deal.
Green light for R3bn sale of shopping malls
The Competition Commission has unconditionally approved the sale of five shopping malls, carrying a total transaction value of R3.9bn.
Commission to probe online platforms
The Competition Commission yesterday began a 15-month probe into how Google, TikTok, YouTube, X and other video-sharing sites and social media platforms are affecting the health of SA's news media.
Jooste pleads unemployment in insider trading hearing
Former Steinhoff CEO Markus Jooste's legal team has cited his unemployed status during proceedings around a penalty he faces over alleged insider trading.
Gauteng Health owes R421m for electricity
The Gauteng Department of Health & Wellness owes councils R421m for electricity, with R387.5m owed to Johannesburg alone, reports City Press.
US crypto exchange pulls plug on SA investors
US crypto exchange Kraken has stopped accepting deposits from South Africans following a decision by the exchange’s banking partner to place SA on an anti-money laundering blacklist.
Koeberg overhaul completed
Eskom says that the main mechanical work on replacing the steam generators at Koeberg's Unit 1 has been completed and it will return to service on 3 November.
Sanlam unwinds failed R8bn BEE deal
Sanlam has had to begin unwinding its failed R8bn broad-based black economic empowerment (B-BBEE) transaction implemented in March 2019, reports Moneyweb.
Tupperware’s Gauteng head office up for sale
Global food container and plasticware company Tupperware has placed its industrial property and head office in Brakpan, Gauteng, on the market for an undisclosed amount, reports Moneyweb.
