Sudáfrica

Artículos Recientes

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  16/08/2024

  South Africa

  An overview of Business Rescue in South Africa

  Business rescue regime in South African law, was established in the Companies Act of 2008 to prevent the liquidation of financially distressed companies and to facilitate their restructuring and revival. Business rescue is not just a legal process, but a lifeline for struggling businesses. The primary goal of business rescue is to maximize the chances of a company's successful recovery while also considering and minimizing any potential harm to stakeholders, who are not just participants, but key contributors to the process.The Companies Act, specifically Chapter 6, was introduced as a robust response...

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  06/08/2024

  Sudáfrica

  2024 Draft Tax Legislation

  National Treasury and the South African Revenue Service released the following draft tax bills and tax regulations:2024 draft Taxation Laws Amendment Bill (Draft TLAB);2024 draft Revenue Laws Amendment Bill (Draft RLAB);2024 draft Tax Administration Laws Amendment Bill (Draft TALAB);draft regulations on electronic services (dealing with supplies to vendors in South Africa, group supplies, and revising the definition of telecommunication services);draft regulations on the domestic reverse charge relating to valuable metal;draft regulations on the method for determining the VAT liability in respect...

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  26/07/2024

  International

  EU AI Act – Focus on Enforcement: the EU governance structure

  On 1 August 2024, the Regulation laying down harmonised rules on Artificial Intelligence (AI Act) will enter into force. As a European regulation, the AI Act will apply directly in all 27 EU member states and is intended to make a significant contribution to achieving the European digital strategy (A Europe fit for the digital age). In this, the second article in our series on the implementation of the AI Act, we provide an overview of the European AI governance structure. Understanding this structure is important to understand the roles of the administrative bodies that will have oversight...

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  25/07/2024

  International

  EU anti-dumping investigations of Chinese glyoxylic acid imports

  On 25 July 2024, the EU opened an anti-dumping investigation concerning EU imports of glyoxylic acid originating in the People’s Republic of China, which could lead to substantial anti-dumping duties on future imports.The product under investigation for alleged dumping is glyoxylic acid (Chemical Abstracts Service (CAS) Number 298-12-4), of a purity of at least 95 % by dry weight, whether in solid form or as an aqueous solution with a concentration by weight higher than 40 % thereof.The product under investigation is currently classified under CN code ex 2918 30 00 (TARIC code 2918...

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  17/07/2024

  South Africa

  Understanding South Africa’s Cybercrimes Act

  In today's world, where technology is a big part of our lives, cybercrimes are increasingly impacting individuals, businesses, and governments alike.Even though cybercrime may not have a settled definition, the word itself has become considerably well known. A cybercrime may be defined as any criminal activity that involves a computer and also includes other crimes which were perpetrated even before the widespread use of computers but are now being committed in a cyber environment. These include traditional crimes such as fraud, theft, extortion, child pornography as well as crimes which became...

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  17/07/2024

  South Africa

  The Rise of AI: Are your data privacy systems future fit?

  Since the dawn of the new millennium, the rate of technological development has progressed at an unprecedented rate, and it has changed the way we live and the way we think. Through the emergence of technological interventions such as the internet, cloud computing and smart phones (amongst others), even the most widely used conventional concepts that define the way we live, become relics of the past in a matter of years, and in some instances, months. The development and prevalence of disruptive, cutting-edge technologies and tools, which are broad based in their scope, has transformed the...

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