Legal Articles and Guides
Frankfort takes on Eskom over solar energy use
In a case before Gauteng High Court (Johannesburg) Judge Edwin Molahlehi on 5 April, a small community in the Free State took on Eskom for the right to use independently generated solar power to mitigate the effects of rolling blackouts in the city of Frankfort.
SARS exceeds R2trn gross revenue for first time
SARS has collected just over R2trn in gross tax revenues over the past year, a 9.7% increase from the 2021/22 tax year.
Plight of SA’s crumbling rail network addressed
SA’s 21 000km rail network used to be a matter of national pride, accounting for about 80% of Africa’s total network.
Sekunjalo unable to support Independent Media
Iqbal Survé-chaired Sekunjalo said it had ploughed billions of rands into Independent Media without any help from other shareholders, and now, because of load shedding, high paper prices and the impact of Covid-19 and the July 2021 unrest, it ‘cannot continue to support the company’ any longer, reports Fin24.
Shareholders scuppered Steinhoff restructuring plans
A shareholder group from Germany has been identified as the main opponent voting against all the resolutions at Steinhoff’s AGM last Thursday.
Liquidation looms large for Steinhoff
Steinhoff’s future hung in the balance yesterday after shareholders of the retail holding firm voted against the debt restructuring deal, substantially raising the prospect of liquidation.
Experts disagree on PIC investment
Evidence on day six of the case in which the Public Investment Corporation (PIC) is looking to dissolve and recoup its R4.3bn investment in AYO Technology Solutions (AYO) pitted the differences between two financial accounting experts on the deal.
PIC defends AYO investment
Public Investment Corporation (PIC) listed equities general manager Lebogang Molebatsi has told the Western Cape High Court he considered the ICT investment group, AYO Technology Solutions, to be a good investment, and advised the PIC to buy its shares.
SCA hears case on directors’ rights during business rescue
The SCA is set to decide on the role of directors during voting on business rescue plans.
New digital payment system launched
SA's new instant digital payment system, which was launched yesterday, is at least six times faster than the current instant payment services offered by banks.
New law has already saved millions, says AG
Even though basic governance failures and fraud in the national and provincial spheres have led to losses of R12bn, the Auditor-General believes a legislative amendment that gave it more teeth is starting to move accounting officers from inaction to action in the quest for clean government.
Top court wrestles with crucial pensions matter
A legal challenge before the Constitutional Court aims to stop pension funds making retrospective changes in their terms that can affect payout rates.
Tribunal thumbs up for Heineken/Distell merger
Heineken and Distell’s R40.1bn merger has been given the go ahead by the Competition Tribunal almost 18 months since the tie-up was announced.
Two-tier pricing model mooted
Government is reviewing tourism-related policies which will address special pricing for South Africans to encourage them to travel locally.
Former PIC manager unpacks AYO debacle
A former investment manager at the Public Investment Corporation (PIC) has testified that IT company AYO's 2017 investment pitch was so ‘unrealistic’ he thought there was little chance a deal would be struck.
