South Africa

South Africa: The South African revenue service joins the global rise of crypto-wars

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In terms of both market value and volume, South Africa is reported to be one of the top two markets for cryptocurrencies in Africa, alongside Nigeria. It was therefore only a matter of time before the South African Revenue Service joined the likes of the Internal Revenue Service in the United States and Her Majesty's Revenue & Customs in the United Kingdom in cracking down on cryptocurrency traders and establishing appropriate tax frameworks.

South Africa: New export tax on chrome ore intended to resurrect the ferrochrome industry

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South Africa recently approved a tax on exported chrome, with further details still to be announced. The ferrochrome ore industry has been severely threatened in recent years, mostly due to increases in electricity tariffs. Some industry stakeholders have suggested that a special electricity tariff would be a better way to support the ailing industry, others have stated that the challenges mean they would not be able to sustain themselves, even after tax relief. And others have welcomed the reprieve that an export tax would provide. As a result, key industry stakeholders have expressed interest in collectively undertaking research to explore a more viable and consolidated approach to support the industry, but there have been difficulties from a competition law perspective.

South Africa: Trust is good, but monitoring is better the legal implications of employee...

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The COVID-19 pandemic has accelerated (and for some, cemented) the work from home trend. As a result, many employers are increasingly turning to employee monitoring technology to replace the physical employee oversight once enjoyed in the office. While employers have many legitimate reasons for monitoring employee activity, the decision to monitor employees is not without its legal and ethical complexities.

Dealmaking Slows Across Africa, but Post-pandemic Opportunities Look Interesting

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Deal making activity in sub-Saharan Africa dropped in terms of both volume and value in 2020, compared to 2019. As the continent readies itself...

Africa: Key industry trends to emerge across the post-pandemic continent

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In brief Wildu du Plessis, Head of Africa for Baker McKenzie, quotes from a recent Baker McKenzie report - Unprecedented: Converging Crises - as he outlines the...

South Africa: Let’s get constructive about constructive dismissal – You can still be fired

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In brief The Labor Appeal Court in South Africa recently found that an employer has a right to institute disciplinary proceedings for misconduct during an...

South Africa: Removal of prohibition of “loop structures” – Don’t forget to check the...

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In brief The South African Reserve Bank (SARB) has begun to implement a new capital flow management system in South Africa, with changes starting to...

Europe: Post-COVID-19 Cross-border remote working: managing tax risks

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The pandemic has impacted our lives in many ways, but for many of us, one of the most affected areas has certainly been work.COVID-19...

South Africa: It’s leave, Karen, not a savings plan

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The unheralded Botes' Law on Annual Leave Interpretation holds that if there are two people arguing about the interpretation of annual leave, there will be at least three interpretations of the law on that issue. Johan Botes, Partner and Head of Employment & Compensation at Baker McKenzie in Johannesburg, explains his theory, referring to recent South African judgments that had conflicting views on the matter.

South Africa: What Does the Biden Administration’s Approach Mean for Africa?

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The United States (US) President Elect Joe Biden and his new administration are expected to take a multilateral approach to foreign policy, easing tensions...
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