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Wednesday, 20 November 2019 09:00

Demand for M&A insurance seeing significant growth

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3,200 deals transacted globally in 2018 using W&I insurance with market value reaching $2.3bn—a 35% increase from 2014 LONDON, 18 November 2019 – A new report, “Insurance for M&A: a coming of age and an exciting future ahead”, released today by Aon plc a leading global professional services firm providing a broad range of risk, retirement…
Tuesday, 19 November 2019 11:04

Chainsaw guru celebrates 42 years

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Mention the word chainsaw, and Innocent Sefolo’s heart probably beats just a smidgen faster. That’s because this particular granddad has been employed by Husqvarna in Pietermaritzburg for a mindboggling 42 years – most of which have involved working with the world-renowned brand’s chainsaws. To say he is passionate about his…
by Leanne Mostert, Keith Veitch, Donald Fisher-Jeffes, and Cameron MacKenzie at Webber Wentzel South Africa's exchange control regulations generally prohibit South African residents from holding an interest in a foreign company which, in turn, holds any interests or assets in a CMA country (so-called "loop structures"). There is an exception to the…
Monday, 18 November 2019 11:44

Getting to grips with small business financing

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Whether you need money to buy stock or equipment, require working capital to employ more staff or to fund a contract, or are simply looking for assistance to bridge your cash flow gaps while you are building your business, if you can’t secure the finance you need, it will have…
Workbench’s latest television commercial for Mukuru - a money transfer service - tells a story that needed to be told. The seemingly continuous xenophobic activity across the country is making South Africa an unwelcoming environment for many African migrants, providing even more impetus and necessity for sharing their story. Mukuru…
by Colin du Toit, Madelein Burger, Elodie Maume from Webber Wentzel ​On 5 November, the JSE Limited (JSE) announced amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The amendments follow an extensive consultation process with the market and the public that kicked off in September 2018 after…
Monday, 18 November 2019 09:33

Festive Season Awareness 2019

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SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry would like to share the tactics that criminals are using to defraud people this Festive Season, to ensure that they are aware of how to protect their hard-earned cash. Just as the Festive Season sees people…
Johannesburg, 13 November 2019: Leading black-owned investment firm, Thebe Investment Corporation (Thebe), has taken up controlling stakes of 51% in Discover Digital South Africa and 50.1% in Discover Digital International. Discover Digital, an end-to-end digital media, content and fintech solutions provider, has been in existence since 2014. The deal, which…
Wednesday, 13 November 2019 14:21

THE EVENTS EXPERIENCE IN 2019 – TIPS FROM THE INSIDE

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The events economy is growing globally. In fact, figures released by the Events Industry Council (EIC) for 2018 show that business events injected a whopping $1.5 trillion into global coffers last year. But with a booming event culture comes a more discerning audience. And in a business that’s getting more…
CAPE TOWN - M&C Saatchi Group South Africa is delighted to announce the appointment of respected industry leader Karen Naidoo as their Partner, Talent.   Naidoo brings exceptional experience in human resources to the rapidly growing multiple award-winning creative agency. She has run her own successful consultancy in addition to extensive…
Financial inclusion took another step forward as local start-up, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, won the 2019 Global Fintech Hackcelerator @ Southern Africa competition. Launched by the South African Reserve Bank (SARB) and powered by fintech/bank matchmaking platform, KPMG Matchi, this…
Monday, 11 November 2019 09:37

Unforeseen preference share amendments

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By Brian Dennehy, Khurshid Fazel and Joon Chong, at Webber Wentzel The 2019 Taxation Laws Amendment Bill (TLAB) was tabled with the Medium Term Budget Policy Statement on 30 October 2019. The TLAB contains a significant amendment to the definition of "hybrid equity instrument" in section 8E of the Income Tax…

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