The Reality of the Public Procurement Act 28 of 2024
Keen eyed suppliers and Organs of State alike will have noticed that the President of the Republic assented to the Public Procurement Bill on 23 July 2024, bringing it into law. As a caveat, the effective date of the Public Procurement Act 28 of 2024 (“the Act”) is yet to be promulgated. The Act is […]
Key Highlights from the 2024/2025 Budget Speech: Impact on Your Taxes and Retirement Planning
The reactions to the 2024/2025 Budget speech have been quite varied, reflecting a broad spectrum of opinions across different sectors and political affiliations. The impact of the tax tables not changing to align with inflation in the 2024/2025 budget speech could potentially exacerbate the financial burden on individuals and businesses. Without adjustments for inflation, taxpayers might […]
Does a settlement agreement constitute a credit agreement?
In a recent legal dispute, the court’s ruling brought to the forefront a perplexing issue that has long plagued the legal landscape: the classification of settlement agreements under the National Credit Act (NCA). The court’s decision, which emphasised the importance of preserving the amicable resolution of disputes, shed light on the intricate interplay between settlement […]
Who owns your computer program or mobile app?
Unlike trademarks, patents and designs, copyright is the only form of intellectual property (“IP”) in South Africa that does not require registration for copyright protection to subsist in a protected work. The subsistence of copyright only requires that such work comply with requirements for copyright that are general (relating to the work itself) and specific […]
COVID-19: Business Rescue – Fast Facts
The worldwide COVID-19 pandemic coupled with the recent downgrade of the South – African economy to junk status resulted in many companies facing unprecedented economic strain. As a consequence of this, many companies may be financially distressed and considering liquidation or the winding – up of the company. Business rescue however provides companies with an […]
The Future is Bright
Securing the academic futures of South Africa’s future lawyers Strauss Daly has awarded R2 million in bursaries to LLB scholars from across the country for the 2020 academic year. Since our inception, Strauss Daly has accepted its social responsibility to help support and develop the communities we serve by offering a helping hand when either […]
#COVID-19: TOUGH DECISIONS – BUSINESS MANAGEMENT AND THE ROLE OF DIRECTORS (PART 1)
by Michael Vieyra: Senior Associate. Approximate reading time: 7mins South Africa has not escaped the damaging economic effects brought about by the global COVID-19 pandemic. The country’s already strained economy is reeling from the adverse effects of the national lockdown and anticipated phased relaxation thereof. Companies in all sectors are forced to navigate unforeseen and novel […]
COVID-19: QUESTIONS AND ANSWERS ON THE CURRENT LOCKDOWN REGULATIONS
In the implementation of the current National State of Disaster provided for in the Disaster Management Act 57 of 2002 (“the Act”) and the national lockdown announced by President Ramaphosa, the Government enacted various “Lockdown Regulations”. Many of these Regulations are not only novel in terms of our laws, but they interact with existing laws […]
How the COVID-19 pandemic and the associated lockdown should inspire us
How the COVID-19 pandemic and the associated lockdown should inspire us to revisit the somewhat archaic and foreign terms used in various construction contracts in South Africa by Mitchell Brooks from our Corporate Advisory and Forensic Services Department. Click here to read more.
How Business Rescue can come to the aid of businesses affected by the Corona Virus lockdown
The COVID 19 Pandemic has had a catastrophic impact on the world’s economy and South Africa is most certainly not exempt therefrom. Coupled with the recent downgrade of South Africa to that of a junk status, the South African economy has received a double blow. Whilst the world economy and that of South Africa’s will […]