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Watt You Need to Know on the draft Electricity Transmission Infrastructure Regulations
by Jonathan Behr, Director, and Robyn Helling, Candidate Attorney The draft regulations to facilitate planning for the procurement and establishment of transmission capacity by private parties [...]
FICA: Proposed changes to Public Compliance Communication 50 and Directive 3 previously issued by the Financial Intelligence Centre
by Sandiso Dhlomo, Associate and Nhlonipho Mthembu, Candidate Attorney reviewed by Tracy Lee Janse van Rensburg On 14 March 2025, the Financial Intelligence Centre ("FIC") published [...]
Second Edition of FIDIC Green Book: A Solid Foundation for Small to Medium Sized Projects
and Khanyisa Tshoba - Candidate Attorney Having been involved in a number of contract negotiations relating to small to medium sized projects in the private sector, [...]
The Collection of Premiums on Behalf of Insurers – A Look at the Impact of The Exemption of Juristic Representatives from Section 13(1)(C) of FAIS
and Khanyisa Tshoba, Candidate Attorney Introduction: In practice the need may arise for an insurer to appoint a third party to collect premiums on its behalf. [...]
Large fines show FSCA is focused on enforcement to leave the grey list – a red flag for non-compliant financial services providers as more fines likely
Gone are the days of box-ticking. The FSCA has imposed penalties on financial services providers for non-compliance with FICA The Financial Sector Conduct Authority (FSCA) has [...]
Large fines show FSCA is focused on enforcement to leave the grey list – a red flag for non-compliant financial services providers as more fines likely
Gone are the days of box-ticking. The FSCA has imposed penalties on financial services providers for non-compliance with FICA The Financial Sector Conduct Authority (FSCA) has [...]
South African Chapter in The Banking Regulation Law Review | 14th Edition
The 2023 edition of the South African Chapter in The Banking Regulation Law Review | 14th Edition guide is out! Director, Natalie Scott and Janice Geel, [...]
The FSCA publishes exemptions for Crypto Assets Financial Service Providers
Siphosethu Zazela, Candidate Attorney On 11 May 2023, the Financial Sector Conduct Authority ("FSCA") published notice 25 of 2023 ("Notice"), (i) exempting crypto asset financial [...]
Additional obligations on accountable institutions
Following on the recent amendments to the Financial Intelligence Centre Act, 38 of 2001 ("FICA") and most notably, the extension to the scope of accountable [...]
The emergence of ZARONIA
In keeping with global financial market practice of moving toward risk free rates as an alternative to interbank offer rates, the South African Reserve Bank [...]
The implication of the amendments to the Financial Intelligence Centre Act, 38 of 2001
With effect from 19 December 2022, the list of "accountable institutions", as contained in Schedule 1 to the Financial Intelligence Centre Act, 38 of 2001 [...]
The South African Reserve Bank announces South Africa’s first Deposit Insurance Body
and Siphosethu Zazela, Candidate Attorney The South African Reserve Bank (SARB) announced the establishment of the Corporation for Deposit Insurance (CODI) - the first bank deposit insurance [...]
62 years on – Exchange control regulations alive and well: a look at a recent supreme court of appeal case
by Deon Griessel, Director and Ngwalemorwa Matsapola, Candidate Attorney Much like certain former Soviet Republics, the People's Republic of China, India, certain South American jurisdictions, a [...]
The ‘AI Chatbot Race’
By Kyra South, Senior Associate and Janice Geel, Candidate Attorney, reviewed by Natalie Scott, Director, Head of Sustainability Practice 2023 will be remembered as the year [...]
ChatGPT: magic bullet or the beginning of the end?
Only two months ago, OpenAI Incorporated (OpenAI), an American artificial intelligence research laboratory, launched the Chat Generative Pre-trained Transformer, more commonly known as "ChatGPT". ChatGPT has [...]
Crypto asset regulation gaining traction in South Africa
The Finance Minister, Enoch Godongwana published Government Notice 2800 of 29 November 2022 in Government Gazette 47596 ("Notice") to amend Schedules 1, 2 and 3 of the [...]
The FSCA declares crypto assets as financial products
by Kyra South, Senior associate, and Janice Geel, Candidate Attorney Reviewed by Natalie Scott, Director in Banking and Finance and Head of Sustainability Declared Crypto Assets [...]
The South African Reserve Bank’s new monetary policy implementation framework
On the 8th of June 2022, the South African Reserve Bank (SARB) commenced with its 12-week transition to a new monetary policy implementation framework.[1] According to [...]
You’ve been served … via NFT
by Natalie Scott, Director, and Janice Geel, Candidate Attorney The Uniform Rules of Court (Uniform Rules) were amended in 2012, which resulted in the inclusion of [...]
The Rise in Responsible and ESG Investment
ESG Framework by Natalie Scott, Director, and Janice Geel, Candidate Attorney The King IV Report on Corporate Governance for South Africa was published on 1 November [...]
FSCA’s draft transformation strategy – A step in the right direction?
FSCA: Draft Transformation Strategy On 28 February 2022, the Financial Sector Conduct Authority ("FSCA") published a draft financial sector transformation strategy ("Draft Transformation Strategy") for public [...]
A bank’s choice of forum – what does the law say?
Setting the Scene It is common practice for consumers to take up mortgages and purchase motor vehicles on credit from financial institutions. However, what happens if, [...]
LIBOR: The end of an era….a time for change
London Interbank Offered Rate ("LIBOR") Over the last couple of years, there has been talk in the banking and finance sector of the announcement by the UK's Financial Conduct Authority ("FCA"), that the London Interbank Offered Rate [...]
AFRICRYPT – yet another South African crypto asset scam
Crypto asset scam Many South Africans will recall the infamous MTI[1] crypto asset scam that caught the attention of both local and international authorities at [...]
A bank’s right to set-off and their duties towards third parties
by Tracy-Lee Janse van Rensburg, Director and Malachizodok Mpolokeng, Candidate Attorney It is well known that banks play a critical role within the commercial sphere by, [...]
