Legal Articles and Guides
Mayor linked to funeral insurance scam
Johannesburg’s executive mayor Kabelo Gwamanda operated an illegal business, posing as a financial services provider without the required licence, the Financial Sector Conduct Authority (FSCA) has noted.
Claassen appeals Newlands Stadium ruling
The Newlands Stadium sale, central to solving the long-standing Western Province Rugby Union’s administrative problems, is still far from finding closure.
State capture ‘kingpin’ wins R282m Western Cape tender
Royal Security – founded by ANC-linked businessman Chockalingam ‘Roy’ Moodley – has won a R282m security contract from the Western Cape Department of Infrastructure.
More gloom for embattled AYO Technology Solutions
Poor financial results have continued for AYO Technology Solutions, which incurred a pre-tax loss of R258m in the six months to end February.
Ramaphosa downplays grid collapse concerns
President Cyril Ramaphosa yesterday announced a number of measures to reduce load shedding and add more megawatts to the grid by the end of the year.
Mantashe now wants 2 500MW nuclear power
The Department of Mineral Resources & Energy plans to issue a request for proposals for 2 500MW worth of new nuclear energy projects.
No more mandatory rotation of audit firms
After years in the making, the mandatory audit firm rotation rule has been reviewed and set aside. A Moneyweb report says the rule, promulgated in 2017, obliged listed and public interest companies to appoint a new audit firm after a tenure of 10 years.
How pandemic fuelled illicit trade
A new report shows how Covid opened up new opportunities for illicit trade to flourish. According to SARS, illegal trade costs SA R100bn a year.
Magashule is as good as expelled
Former ANC secretary-general Ace Magashule’s expulsion from the ANC is apparently imminent. This after he failed to meet a deadline to explain why he should not be expelled.
Murdered Bulgarian linked to billion dollar crypto scam
Forty-nine days before a Bulgarian fugitive was assassinated in Cape Town along with three other people, authorities from that country informed their SA counterparts that he was here – and that they wanted him arrested, reports the Daily Maverick.
Consultancy fined $2.44m for role in SARS state capture
The US Securities and Exchange Commission (SEC) has fined consultancy Gartner $2.44m for its role in state capture linked to SARS, reports Fin24. Gartner agreed to pay the fine without confirming or denying the SEC's findings.
Investec official allegedly received secret loans from Moti
Documents reveal that an Investec official received millions in secret loans from the Moti Group during make-or-break discussions with the bank, reports amaBhungane.
ConCourt to hear casino levies case today
The Casino Association of SA (Casa) – supported by Sun International and Peermont – is challenging the North West Government’s decision to increase gambling levies paid by licensed casino operators, in a case a Business Day report says is set to test MECs’ powers in determining gambling levies.
Fresh proposal to save bankrupt mail carrier
Former SA Post Office (SAPO) CEO Mark Barnes’ proposal to save the now-bankrupt state-owned enterprise (SOE) and turn it into a national treasure still stands, reports Mybroadband.
Tupperware on the ropes
Tupperware Southern Africa says the current financial crisis affecting the global company does not impact on sales teams.
