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Sep 12, 2024 | 
financialregulationjournal.co.za | Christine Rodrigues |Zamanguni Mazubane |Bowmans South Africa
By Christine Rodrigues, Partner, and Zamanguni Mazubane, Associate, Bowmans South AfricaThe Prudential Authority and the Financial Sector Conduct Authority (PA and FSCA) published Joint Standard 1 of 2024 (Joint Standard) in terms of the Financial Sector Regulation Act, 2017, which will come into effect from 1 December 2024. The Joint Standard sets out the PA and FSCA’s requirements regarding the outsourcing of material functions by licensed insurers and replaces Prudential Standard GOI 5.
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Sep 12, 2024 | 
financialregulationjournal.co.za | Mili Soni |Bowmans South Africa
By Mili Soni, Senior Associate, Bowmans South Africa The JSE has announced the eighth and ninth phases of the JSE Simplification Project which aims to simplify the JSE Listings Requirements (Requirements), now entailing the proposed amendments to Section 6 (Pre-Listings Statements), Section 7 (Listing Particulars), Section 4 (Conditions of Listing), Section 14 (Pyramid Companies), Section 15 (Investment Entities), Section 18 (Dual Listings and External Companies), Section 20 (Hybrid...
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Aug 27, 2024 | 
labourguide.co.za | Deirdre Phillips |Bowmans South Africa
Embracing the ‘S’ in ESG through employer-backed pension loansWhile the power crisis has constrained South Africa’s economic growth, it is fair to say that it has negatively impacted the daily lives of all people living in South Africa.
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Aug 22, 2024 | 
polity.org.za | Mili Soni |Bowmans South Africa
The JSE has announced the eighth and ninth phases of the JSE Simplification Project which aims to simplify the JSE Listings Requirements (Requirements), now entailing the proposed amendments to Section 6 (Pre-Listings Statements), Section 7 (Listing Particulars), Section 4 (Conditions of Listing), Section 14 (Pyramid Companies), Section 15 (Investment Entities), Section 18 (Dual Listings and External Companies), Section 20 (Hybrid Securities) and Section 21 (AltX).
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Aug 8, 2024 | 
farmersreviewafrica.com | Tobie Jordaan |Bowmans South Africa |Zablon Oyugi
By Tobie Jordaan, Partner, Bowmans South AfricaBusiness confidence in the agricultural sector in South Africa in the second quarter of 2024 was at its lowest level since 2009, the year of the global financial crisis. As one of the largest contributors to South Africa’s GDP, the sector is vital to the sustainability of the economy, society and environment, and a significant contributor to the upliftment of rural communities across the country.
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Aug 6, 2024 | 
cover.co.za | Christine Rodrigues |Zamanguni Mazubane |Bowmans South Africa
By Christine Rodrigues, Partner, and Zamanguni Mazubane, Associate, Bowmans South AfricaThe Prudential Authority and the Financial Sector Conduct Authority (PA and FSCA) published Joint Standard 1 of 2024 (Joint Standard) in terms of the Financial Sector Regulation Act, 2017, which will come into effect from 1 December 2024. The Joint Standard sets out the PA and FSCA’s requirements regarding the outsourcing of material functions by licensed insurers and replaces Prudential Standard GOI 5.
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Aug 5, 2024 | 
polity.org.za | Keshni Naicker |Amandla Makhongwana |Bowmans South Africa
In June 2024, the Constitutional Court issued a judgment in the matter between AFGRI Animal Feeds (A Division of PhilAfrica Foods (Pty) Ltd) v National Union of Metalworkers South Africa and Others, wherein it considered sections 161 and 200 of the Labour Relations Act, 1995 (LRA), as relating to a trade union’s right to represent employees and its legal standing.
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Aug 2, 2024 | 
africanminingmarket.com | Rosalind Davey |Bowmans South Africa
There is a significant risk that strikes in South Africa will turn violent and that striking employees will resort to intimidation, violence and blockading. In our experience, many strikes are dysfunctional because of this type of conduct.
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Apr 30, 2024 | 
polity.org.za | Sibusiso Dube |Soraia Machado |Bowmans South Africa
In the recent case of Enever v Barloworld Equipment South Africa, a Division of Barloworld South Africa (Pty) Ltd (JA86/22) [2024] ZALAC (23 April 2024), the Labour Appeal Court (LAC) set aside the order of the Labour Court where it was held that the dismissal of an employee who tested positive for cannabis in the workplace was fair.
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Apr 30, 2024 | 
labourguide.co.za | Sibusiso Dube |Soraia Machado |Bowmans South Africa
LAC finds that an employee who was dismissed for recreational cannabis use at home was unfairly discriminated againstIn the recent case of Enever v Barloworld Equipment South Africa, a Division of Barloworld South Africa (Pty) Ltd (JA86/22) [2024] ZALAC (23 April 2024), the Labour Appeal Court (LAC) set aside the order of the Labour Court where it was held that the dismissal of an employee who tested positive for cannabis in the workplace was fair.
