Summary: Crypto assets have been declared financial products in a draft declaration issued by the FCSA The draft is open to comment from the public until 28 January 2021 Those providing advice or intermediary services in respect of crypto assets will need to register as financial services providers and be subject to stricter controls On …
On 21 September 2018, the Minister of Trade and Industry (“Minister”) published the Companies Amendment Bill 2018 (“Bill”)for public comment. The Bill includes a number of amendments to the Companies Act 71 of 2008 (“Companies Act”). These amendments are largely welcomed as they seek to resolve problematic areas in the Companies Act since its coming …
Low growth; tax revenue down; no relief from bracket creep; a bloated public service wage bill; billions in unpaid VAT refunds set to depress tax revenue even further. Not a happy message for a Minister of Finance to bring in his inaugural Budget Speech, but this is what he was stuck with, and to his …
Last year, Bitcoin and other cryptocurrencies sparked a modern gold rush spurred on by stories of individual investors making millions in a short period from their investment in Bitcoin. The desire to get rich quickly encouraged every man on the street to own a virtual wallet to buy cryptocurrencies and saw the advent of many …
Cryptocurrency as an Investment: Classification Hurdles Read More »
In the wake of the Panama Papers and with growing instances of data breaches and identity theft, software developers need to show that they are taking privacy seriously. The proliferation of digitised-storage of data has moved global attention to the blockchain – the technology that underpins the cryptocurrency, Bitcoin. While the future of Bitcoin is …
POPI Compliance: Can Personal Information be Stored on a Blockchain? Read More »
For 18% of the readers of this article, it will turn out to be the most important thing you read this year… While the claim in the subtitle is speculation and it remains to be seen how accurate I am with the percentile, it does give an indication of the gravity of this subject. The …
The legal industry has stayed essentially the same for a few hundred years and young people entering the profession have, historically, had a fairly good sense of what a career in law would look like, the options facing them and the time expected to reach senior positions in following each option. More recently, we have …
Navigating a Career within the Changing Legal Landscape Read More »
For most people blockchain technology is synonymous with bitcoin and often the mere mention of either results in a glazed expression and derision. After all, who can forget Silk Road? Well, if the latest media hype is anything to go by, blockchain technology is not just here to stay, it’s also the single biggest potential …
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath (1939) The banking and financial system is for many a monster that is not being controlled effectively. Ensuring that a financial system is adequately regulated is a fine …
The Financial Sector Bill Peaks and the search for the Perfect Regulatory System Read More »
Economic Development Minister, Ebrahim Patel recently announced that the Competition Commission would commence a market inquiry into aspects of the South African retail sector. Particularly, it was indicated that the inquiry would amongst other things, focus on tenancy arrangements in shopping malls. This may have important implications for supermarket chains and property owners because parties …
Anchor Tenant Market Inquiry Planned by Competition Commission Read More »
