Afrique du Sud

eAlerts Récentes

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  04/10/2024

  International

  A week in the world of ESG

  A lot can happen over the course of a week in the world of ESG. Since Wednesday 25 September 2024, there have been several important developments in Europe and the US and, while we don’t claim to cover every development, this is a summary of those that have most captured our interest and attention.As ever, please reach out if you would like to discuss any of these areas in more detail.European Commission begins infringement process regarding transposition of the CSRDOn Thursday 26 September 2024, the European Commission (“EC”) announced that it has sent letters to 17 EU Member...

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  02/10/2024

  International

  Taskforce on Inequality and Social-related Financial Disclosures launched

  On 23 September 2024, the Taskforce on Inequality and Social-related Financial Disclosures (“TISFD”) was launched.The TISFD, which has been launched to bring attention to the financial risks presented by inequality and other social-related issues to companies and financial institutions (“FIs”), has said that it will develop a global framework for companies and FIs to include more effective disclosures about impacts, dependencies, risks and opportunities related to social issues in their public reporting.Yet another disclosure framework?Standardised, measurable reporting...

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  30/09/2024

  Afrique du Sud

  Bias in the code: How AI recruitment processes can land employers in hot water

  Artificial intelligence (“AI”) is transforming recruitment processes as we know it, offering speed and efficiency. But what happens when an AI platform perpetuates bias? This risk is not only theoretical. A recent case in the U.S. District Court for the Northern District of California highlights how AI can create significant legal challenges for global companies. In Mobley v Workday Inc., an AI hiring platform allegedly excluded certain groups of employees from job opportunities, raising a red flag about how fair and neutral an AI hiring platform can be.Mobley v Workday Inc.Derek Mobley,...

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  10/09/2024

  International

  CMS Annual Review of English Construction Law Developments: An International Perspective

  We are pleased to announce the publication of the 2024 edition of our internationally focused Annual Review of English Construction Law Developments. The Annual Review summarises key developments in English construction law over the previous calendar year including developments in related common law jurisdictions. The publication has been prepared with our international clients in mind and aims to provide a greater degree of background and analysis than our regular Law-Now alert service.This year’s edition has a strong focus on exclusion and limitation clauses, with more than half of the...

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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

  Afrique du Sud

  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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