Tag: Bravura

The whole of South Africa is still in shock after the South African Reserve Bank has announced that SA is in a technical recession following two consecutive quarters of negative growth. Most analysts had expected a moderate increase in GDP.

President Cyril Ramaphosa activated the controversial Investment Act 22 of 2015, by publication of a notice in the Government Gazette, on Friday 13 July.

The South African Revenue Service (SARS) released a Service Charter earlier this week. The Service Charter outlines taxpayers’ rights and responsibilities as well as service standards taxpayers can expect from SARS. Acting SARS commissioner Mark Kingon urged South African taxpayers to become familiar with the document.

In what can be seen as a victory for the Chamber of Mines, the High Court ruled this week that South African mining companies aren't required to top up black ownership levels if they have previously met the minimum requirements. The court case concerned the interpretation of the so-called 'once empowered always empowered' principle contained in the Original Mining Charter (2002) and the 2010 Mining Charter.

The South African Parliament agreed on 27 February 2018 to review section 25 of the Constitution with a view to amending the Constitution to allow for the expropriation of land without compensation as tabled by the Economic Freedom Front. This was met with surprise and consternation from banks, the agricultural industry and the international investor community.

The B-BBEE Commission announced in January 2018 that it made findings against a verification agency, SAB&T BEE Services (Pty) Ltd. It recommended remedial steps, including the issuing of a public apology and the commissioning of an independent audit of all certificates issued by the agency for 2014 to 2016.

Melanie De Nysschen | Principal | Bravura | mdnysschen@bravura.net | www.bravura.net | Listing on a stock exchange is not just the reserve of large corporations. ...

In June 2017, a black woman-owned entity launched a complaint of BEE fronting against JSE listed Netcare Holdings. The complaint has been lodged with...

The phrase "radical economic transformation" is on everybody's lips and the international economic world is watching South African politicians to see how this phrase will play out in changes to the economic policies.