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Werksmans' insights into the most recent legal developments across a diversity of key industry sectors:

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Undersea Cable Access: Kathleen Rice, Director

  24 January 2008
  Undersea cable investment in South Africa appears to be on ice, with no early thaw in sight. read more

Basel II Framework: Ina Meiring, Director

  15 January 2008
  In 2004 the Basel Committee on Banking Supervision ('the Committee') published a revised Capital Accord for banks entitled "International Convergence of Capital Measurement and Capital Standards: A Revised Framework" ("Basel II"). read more

Let's Turn SA Into A Regional Centre For Arbitration: Des Williams, Chairman

  06 December 2007
  South Africa has the potential to become a regional centre for arbitration of legal disputes, says Werksmans chairman Des Williams. read more

Personal Insolvencies and Corporate Debt: Paul Winer, Director and Eric Levenstein, Director

  01 December 2007
  Personal sequestrations are expected to spike higher in the New Year as higher interest rates and the constricting effect of the National Credit Act (NCA) start to wash through the financial system, according to Paul Winer, director of Werksmans who he>>> read more

Merger and Acquisition Activity in South Africa: Kevin Trudgeon, Director

  22 November 2007
  While merger and acquisition (M&A) activity has arguably waned internationally, it is alive and flourishing in South Africa. This is partly due to factors such as the country’s unique business environment and partly to the strength of its resources sec>>> read more

The Post- Festive Season Hangover: Eric Levenstein, Director

  08 November 2007
  The recently enacted National Credit Act will be put to the test once the post-festive season hangover settles in, says Werksmans director, Eric Levenstein. read more

New Tax Relief for Shares: Ernest Mazansky, Director

  07 November 2007
  It was announced in the Budget in February that, with effect from 1 October 2007, any shares held for more than three years will be deemed to be held as capital, so that any profit will be subject to CGT and not income tax. read more

Management Under-Represented in Private Equity Deals: Kevin Trudgeon, Director

  01 November 2007
  The interests of management are often woefully under-represented in private equity deals, says Kevin Trudgeon, a director in Werksmans’ commercial department. read more

Migration and Mitigation - The Devil the Deep Blue Sea: Neil Kirby, Director

  01 November 2007
  Each year, hundreds of thousands of people flood into South Africa, mainly over its terrestrial borders, in search of employment and a better life or to escape the harsh realities of civil conflict in sub-Saharan Africa. South Africa also has a chroni>>> read more

Pay-TV Applicants: To Carry or not to Carry: Fayeeza Kathree-Setiloane, Director and Omesha Moodley, Associate

  30 October 2007
  ICASA has licensed five new entrants to the subscription broadcasting market, namely Walking on Water, Telkom Media, e-SAT, On Digital Media and MultiChoice Africa. On the eve of ICASA making this announcement Sentech in association with the SABC with>>> read more

Should I Still Be Holding my Investments: Ernest Mazansky, Director

  30 October 2007
  In a previous article I examined the advantages and disadvantages (particularly the latter in relation to capital gains tax (CGT)) in holding investments through a company or CC. I now examine whether it is still worthwhile holding investments through>>> read more

Government Moves To Protect 2010 World Cup Soccer from Trademark Abuse: Eric Levenstein, Director

  12 October 2007
  With less than three years to run before the 2010 World Cup, the Department of Trade and Industry has designated the tournament as a protected event in terms of the Merchandise Marks Act of 1941. This was done to prevent ambush marketers and trademark >>> read more

Underpayment of Provisional Tax: Ernest Mazansky, Director

  12 October 2007
  The press recently reported quite widely on a report by the Commissioner for the South African Revenue Service to the Portfolio Committee on Finance in Parliament that it might be necessary to amend the Income Tax Act to improve collections of provisio>>> read more

Property Deals are Made Or Lost at the Due Diligence Stage: Brian Kew, Director

  11 October 2007
  Given the current boom in commercial and industrial property, buyers are often under intense pressure from brokers to sign on the dotted line - without doing a proper due diligence - for fear of losing the deal. read more

Litigation Funding and Access To Justice: Des Williams, Chairman

  11 October 2007
  In 2000 the House of Lords held that claims made by South African asbestosis victims against Cape PLC should be heard in the UK, and not in South Africa. read more
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