Bright Tibane

Dec 10, 2024 | bowmanslaw.com | Bright Tibane |Zamanguni Mazubane |Nadine Mather |Chloë Loubser

Over the last three years, Kenya’s energy sector has been subject to a series of reviews, each marked by a moratorium on Power Purchase Agreements (PPAs). The process began in 2021 with the Presidential Taskforce on PPAs which imposed a moratorium on new PPAs to prevent further commitments while the sector recalibrated. Next came the 2023 Senate inquiry, initiated to examine the issues raised by the Taskforce in greater detail. As part of its review, the Senate extended the moratorium.

Oct 16, 2023 | bowmanslaw.com | Bright Tibane

Despite the Financial Sector Conduct Authority’s (FSCA) declaration and regulation of crypto assets as a financial product in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS) late last year, the Financial Surveillance Department (FinSurv) of the South African Reserve Bank (SARB) has still not shared its position regarding crypto assets.

May 23, 2023 | bowmanslaw.com | Bright Tibane

Our update dated 25 October 2022 in which we outlined the Financial Sector Conduct Authority’s (FSCA) declaration of crypto assets as ’financial products’ in terms of the Financial Advisory and Intermediary Services Act 2002 (FAIS) and publication of the draft exemption of persons rendering a financial service in relation to crypto assets from certain requirements for public comment (Draft Exemption from Certain Requirements) refers.