MEDIA AND ARTICLES
Please note the views expressed on this page are not those of the Chamber, but solely from the posting member.
MOU signed between ABCSA & SACCI
Mr. Danny Vengedasamy of the South African Chamber of Commerce and Industry (SACCI) and Mr. Shaun Mills of the Australian Business Chamber of South Africa (ABCSA) signed a Memorandum Of Understanding aimed at fostering relationships between the two chambers where...
Auto & General Wins The 2022/2023 Short-Term Insurance Ask Afrika Orange Index Award
Auto & General Insurance has been announced as the overall winner in the short-term insurance category in the 2022/2023 Ask Afrika Orange Index® awards. The Ask Afrika Orange Index® has been at the forefront of service benchmarking and is the broadest,...
600 Million People Without Power: Africa’s Dilemma & The Renewable Energy Solution
Africa is home to 54 vibrant countries, over 1.2 billion people, and unfortunately, nearly 600 million people without power. Africa is facing an energy crisis. Energy poverty and unstable electricity, exacerbated by governments and economic glass ceilings has seen...
Top 5 Reasons to Do Business in Africa
As the second largest continent, Africa is home to 54 countries and over 1.4 billion people. The most central continent in the world, Africa is the perfect hub for reaching the corners of the world. Incidentally, it’s also the most profitable region in the world,...
What Are The Benefits Of Using A Recruitment Agency?
It happened. Your best worker has handed in their resignation – the clock is ticking – the countdown is on. You need someone to replace them, but who? Where do you even begin? The hiring process is a laborious task, depending on your industry, your candidate...
Employers may claim compensation against trade unions for damages suffered during protected strikes
The Labour Relations Act, 1997 ("LRA") provides certain protections to employees participating in protected strikes. These employees are protected against disciplinary action or civil legal proceedings for participating in protected strikes and discontinuing any...
Crypto Assets in South Africa are now legally recognised as Financial Products
On 19 October 2022, the Financial Sector Conduct Authority (“FSCA”) officially declared that crypto assets are now classified as a financial product in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS”) (“Declaration”). The Declaration...
Fasken receives recognition at the recent African Legal Awards
ABCSA is proud to announce that our member, Fasken, received recognition at the recent African Legal Awards, winning two titles including “Competition and Regulatory Team of the Year” Award and the CSR “Diversity, Transformation and Economic Empowerment” Award in...
Flights to and from Australia with Quantas
Dear Partner, Wishing all our Partners a Happy New Year. Following our announcement on 22 October 2021 that services to Johannesburg will commence in early 2022, I’m excited to share with you that in just over 24 hours, my team and I will welcome our first scheduled...
More flights, more aircraft and a new route – Qantas gears up for accelerated border opening
Qantas will bring forward the restart of more international flights to popular destinations from Sydney, Australia and operate regular flights from Delhi, the first commercial flights for Qantas between India and Australia in almost a decade. The faster ramp up...
Shareholder recourse for a director’s breach of fiduciary duties
A company’s board of directors bears the responsibility for the functioning and management of the company and is ultimately accountable for the company’s performance. In terms of the South African common law and the Companies Act, 2008 (“Companies Act“), directors have certain fiduciary duties. But what happens when the directors breach those duties? What are the rights of the shareholders in that instance?
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Taxpayer’s appeal upheld due to SARS’ tardiness
An inordinate delay in finalising a tax dispute can have a severely prejudicial effect on a taxpayer who is obliged to pay first and argue later. The recent decision by the Tax Court in F Taxpayer v The Commissioner for the South African Revenue Service[1] has shown that the courts will be loathe to condone excessive delays by the South African Revenue Service (the “SARS”) during the dispute resolution process.
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Data Privacy
The Information Regulator keeps an eye out on the Department of Health’s compliance
On 22 April 2022, the Information Regulator (“the Regulator”) issued a media statement calling upon the National Department of Health (“the Health Department”) to provide it with information demonstrating the Health Department’s compliance with the Protection of Personal Information Act, 3 of 2014 (“POPIA”).
To read more, click on the link
The Employer’s Taking Over of the Works under FIDIC clauses 10.1 and 10.2
Clause 10 of the International Federation of Consulting Engineers suite of construction contracts (the “FIDIC Contracts”), which deals with “Employer’s Taking Over”, can be a difficult section of the FIDIC Contracts to navigate.
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New BCEA Earnings Threshold
On 9 February 2022, the Minister of Employment and Labour published his determination of a new earnings threshold under the Basic Conditions of Employment Act, 1997.
With effect from 1 March 2022, the threshold will increase from the current R211 596.30 pa (equivalent to R17 633.03 per month) to R224 080.48 (equivalent to R18 673.37 per month).
To read more, click on the link
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