https://www.webberwentzel.com//Pages/RSS-Feeds.aspx Webber Wentzel feed en-us Copyright 2020 Sun, 16 Aug 2026 18:20:24 +0200 Sample Code http://server/image.jpg https://www.webberwentzel.com//Pages/RSS-Feeds.aspx e84045d8-dd23-4169-b538-b80542e22d2a f4f10f15-be58-4b32-9d38-007024884738 https://www.webberwentzel.com//News/Pages/new-statutory-remuneration-framework-for-companies-effective-from-22-may-2026.aspx On 22 May 2026, President Cyril Ramaphosa proclaimed amendments to the Companies Act, 2008 (Companies Act) in respect of remuneration disclosures and the audit of remuneration reports. Section 30 has been amended and new sections 30A and 30B, establish a statutory framework for remuneration policies and remuneration reports. 2026-05-21T22:00:00Z 5be65d37-56b9-47c1-a576-8cfe4e90d958 https://www.webberwentzel.com//News/Pages/outcomes-based-bonds-as-africas-most-powerful-tool-for-solving-the-water-crisis.aspx Across the African continent, water infrastructure is under increasing strain. The compounding pressures of accelerating urbanisation, decaying legacy systems, climate change and chronic underinvestment in public infrastructure over decades mean that both the public and private sectors must urgently mobilise towards solutions. 2026-05-17T22:00:00Z 57b081f2-43b7-4452-a8fb-6a0e15fec7a0 https://www.webberwentzel.com//News/Pages/from-accrued-to-arrear-how-the-scas-sekunjalo-judgment-has-reshaped-the-in-duplum-landscape.aspx On 26 March 2026, the SCA handed down a judgment in the matter of SACTWU Investments Group (Pty) Ltd v Sekunjalo Independent Media (Pty) Ltd and Another [2026] ZASCA 39, providing significant findings on the application of the in duplum rule to capitalised interest under a loan agreement. 2026-04-06T22:00:00Z 14aaf2ea-0caa-46ad-926d-ed476da931c3 https://www.webberwentzel.com//News/Pages/looking-back-to-look-ahead-revisiting-2023-2024-draft-commercial-paper-regulations.aspx Issuers that are not registered as banks under the South African Banks Act, 1990 rely on the safe-harbour provisions of the Commercial Paper Exemption Notice (the Commercial Paper Regulations) to undertake the issuance of debt securities in South Africa. Published under the Banks Act, the Commercial Paper Regulations provide a critical framework that enables corporates, financial institutions, global investment banks, state-owned entities, municipalities and other non-bank issuers to access South Africa's domestic capital markets. 2026-01-21T22:00:00Z eee45472-cf9a-4018-9005-d6d197779023 https://www.webberwentzel.com//News/Pages/a-seismic-shift-proposed-section-8e-amendments-threaten-decades-of-corporate-funding-structures.aspx The South African corporate finance landscape stands on the precipice of a seismic shift due to the proposed amendments to the anti-avoidance sections of 8E and 8EA in the draft Taxation Laws Amendment Bill 2025 (TLAB). 2025-08-31T22:00:00Z 4d67c612-6257-435c-b5a9-ff71d7ab9e9d https://www.webberwentzel.com//News/Pages/not-so-dry-issue-issuance-of-blue-bonds-to-help-address-south-africas-water-crisis.aspx Water scarcity is a growing global concern affecting the lives of millions. In South Africa, limited supplies of usable water, compounded by ageing national, provincial and municipal water infrastructure, continue to impact the daily lives of individuals and businesses across the country. 2025-08-14T22:00:00Z ad9a06f2-7df1-440c-a1c2-4624f62725c3 https://www.webberwentzel.com//News/Pages/virtual-assets-regulation-in-southern-africa-a-regional-comparative-analysis.aspx Virtual Assets, digital assets, crypto assets all refer to the same concept, namely a digital representation of value. This guide examines the development of the regulatory regime for virtual assets across the southern region of Africa. 2025-07-28T22:00:00Z 478f27b3-e036-44ac-8ef9-56f117613207 https://www.webberwentzel.com//News/Pages/webber-wentzel-welcomes-olwethu-gusha.aspx Webber Wentzel is pleased to announce the appointment of Olwethu Gusha as a partner in the firm’s Banking & Finance practice. 2025-07-20T22:00:00Z 86be7527-b0da-4289-aac7-0cd0488a5021 https://www.webberwentzel.com//News/Pages/webber-wentzel-shortlisted-in-20-categories-for-the-2025-african-legal-awards.aspx Webber Wentzel has been shortlisted in 20 categories for the 2025 African Legal Awards, a recognition that reflects the firm’s depth of expertise and impact across the African legal and business landscape. 2025-07-03T22:00:00Z a08dd208-5435-4306-9598-223e319901ca https://www.webberwentzel.com//News/Pages/navigating-the-future-of-south-africas-national-payment-system-regulatory-framework.aspx In meeting its policy commitments and addressing the regulatory challenges that come with the rising prominence of non-bank payment operations, the South African Reserve Bank (SARB) published two draft documents in the first quarter of 2025. 2025-06-24T22:00:00Z ba6cbbe8-0272-4b64-a4c3-4ca58e524be6 https://www.webberwentzel.com//News/Pages/webber-wentzel-celebrates-its-chambers-global-2025-rankings.aspx ​​​Webber Wentzel has once again affirmed its position as a leading law firm in South Africa with outstanding results in the Chambers Global 2025 rankings. The firm has secured 15 Band 1 category rankings, maintaining its status as the top-ranked Band 1 firm in the country. 2025-02-13T22:00:00Z 5d0f1269-bdfa-4dd3-8020-f94353492ad1 https://www.webberwentzel.com//News/Pages/shortlisted-for-excellence-webber-wentzel-among-frontrunners-for-the-2024-african-legal-awards.aspx Webber Wentzel has been shortlisted in an impressive 19 categories at the prestigious African Legal Awards. This recognition underscores the firm's commitment to excellence and its leading role in the African legal landscape. 2024-07-08T22:00:00Z 5ecd51cd-6cfe-4b5b-8915-3da8236ba44a https://www.webberwentzel.com//News/Pages/webber-wentzel-recognised-as-a-top-tier-firm-by-the-legal-500.aspx The Legal 500 Europe, Middle East & Africa (EMEA) 2024 guide has recognised Webber Wentzel as a top-tier firm. Notably, Webber Wentzel has been ranked as the leading law firm with the most Tier 1 rankings compared to all other firms ranked in South Africa, a status it has maintained for the past 11 years. 2024-03-26T22:00:00Z 8ee32bce-2c95-4729-9b16-bb0f3e00176d https://www.webberwentzel.com//News/Pages/part-1-beyond-green-sustainable-finance-vs-green-loans.aspx Understanding the various elements in the ESG umbrella and the interplay between them, coupled with determining the right funding instrument and type of funding arrangement, appropriate metrics, reporting obligations and intervals is key and can require specialist insight from a number of advisors. 2024-03-03T22:00:00Z bbef51c2-d95e-4a24-ae64-64667b39e9ff https://www.webberwentzel.com//News/Pages/one-year-grey-south-africas-bumpy-road-to-meeting-international-best-practice.aspx It has been a year since the grim reality of South Africa's greylisting status by the Financial Action Task Force (FATF). While the shadow of this decision persists, a careful analysis reveals a landscape marked by both challenges and encouraging progress. 2024-02-27T22:00:00Z d8288da1-0f4d-49df-be10-02aba72b2dd0 https://www.webberwentzel.com//News/Pages/private-equity-legal-developments-in-2024.aspx The world of private equity is ever-changing, presenting both challenges and opportunities. In this overview, our experts highlight and provide insights on recent legal developments in tax, corporate, B-BBEE, competition, financial regulatory, infrastructure, energy, and employment that are relevant to private equity. 2024-02-26T22:00:00Z 7f74921d-b17b-47a1-93ae-71aff54524cf https://www.webberwentzel.com//News/Pages/rail-reform-and-liberalisation-where-we-are-and-what-it-means-for-the-south-african-rail-sector.aspx The rail sector in South Africa is at a breaking point and urgent action is required. From a freight perspective, Transnet's incapacity to dispatch locomotives is at an all-time high. 2024-02-04T22:00:00Z ba64a31b-6c8e-468d-ab1a-2e85fdf9dfc9 https://www.webberwentzel.com//News/Pages/navigating-the-scarcity-of-funding-in-the-mining-industry.aspx The mining industry is a pillar of global economic development, providing essential raw materials for various industries while also actively participating in the drive towards a circular and sustainable global economy. 2024-01-23T22:00:00Z 10d5dde0-7700-471b-9874-0edbe951cd98 https://www.webberwentzel.com//News/Pages/webber-wentzel-maintains-tier-1-status-across-multiple-practice-areas-in-iflr1000-2023-rankings.aspx Webber Wentzel has once again emerged as a beacon of excellence in the legal industry, as demonstrated in the IFLR1000 2023 rankings. The firm has maintained its Tier 1 status across the below practice areas for 9 consecutive years. 2023-11-22T22:00:00Z fa6785d5-1a80-4f11-ad75-d68a006e16cb https://www.webberwentzel.com//News/Pages/webber-wentzel-embraces-generative-ai-as-part-of-its-ongoing-innovation-journey.aspx Webber Wentzel is taking the lead on responsible Artificial Intelligence (AI) investment within the African legal landscape as part of its continued commitment to deliver an exceptional client experience and foster an open, creative, and entrepreneurial culture. 2023-06-22T22:00:00Z 5ab434cd-b6d9-41d0-a671-6ded306618b6 https://www.webberwentzel.com//News/Pages/minister-of-finance-increases-maximum-monetary-fines-for-auditors.aspx South Africa's Minister of Finance increased the maximum fines that the Independent Regulatory Board for Auditors can impose on auditors for misconduct. 2023-06-19T22:00:00Z d2f3c8a2-f252-4ab5-8d00-0752d0d1cbfc https://www.webberwentzel.com//News/Pages/greylisting-turns-the-spotlight-on-beneficial-ownership-of-companies-and-financial-institutions.aspx South Africa has put new laws in place to address the Financial Action Task Force’s (FATF) concerns, and those relating to beneficial ownership will have a significant impact on financial institutions and companies. 2023-03-19T22:00:00Z f2c0a883-445b-42a6-bd0f-c1aee5762938 https://www.webberwentzel.com//News/Pages/south-africa-has-been-grey-listed-what-are-the-implications-for-the-country-going-forward.aspx South Africa’s greylisting by the Financial Action Task Force (FATF) has significant implications for its economic growth and global competitiveness, but moves are already being taken to satisfy the FATF 2023-02-23T22:00:00Z 71913bfc-8b51-4726-8633-7afe2d01133d https://www.webberwentzel.com//News/Pages/grey-clouds-for-now-and-not-a-downpour-south-africa-attempts-to-stave-off-proposed-greylisting.aspx Fears that South Africa's place on the Financial Action Task Force (FATF) grey list was cemented as a consequence of its inadequate controls to counter money-laundering and financing of terrorism activities. 2023-02-08T22:00:00Z c898525a-ceac-4662-a2a2-fd4c99740df1 https://www.webberwentzel.com//News/Pages/resource-nationalism-can-create-uncertainty-and-strangle-mining-investment.aspx Short-term gains can result in a longer-term loss of investment when governments impose too many demands on mining companies. 2023-02-08T22:00:00Z d02d8f9b-d5ef-4b2b-8289-00ea7c8962d2 https://www.webberwentzel.com//News/Pages/business-and-human-rights-increased-scrutiny-for-mining-companies.aspx Increasingly, mining companies will have to satisfy lenders that they meet high ESG standards, particularly on business and human rights. 2023-02-07T22:00:00Z 6cb7cc70-f052-4716-ad3e-d6308a9ebdab https://www.webberwentzel.com//News/Pages/webber-wentzel-recognised-as-2022-south-africa-law-firm-of-the-year-by-top-ranked-legal.aspx Webber Wentzel has been awarded the 2022 South Africa Law Firm of the Year in the EMEA Awards by Top Ranked Legal. 2022-12-20T22:00:00Z 752d8618-9551-45cf-91d1-2979e03057ad https://www.webberwentzel.com//News/Pages/ster-kinekor-successfully-exits-business-rescue-with-webber-wentzel-at-its-side.aspx Webber Wentzel assisted and advised Ernst & Young's Stefan Smyth (business rescue practitioner) on a ZAR 250 million business rescue matter involving the refinancing and restructuring of Ster Kinekor's debt and the 100% purchasing of the Ster Kinekor shares by Blantyre Capital Limited and Greenpoint Specialised Lending. 2022-11-14T22:00:00Z 5f2b200a-3bfb-4069-9ce8-e35c22308983 https://www.webberwentzel.com//News/Pages/webber-wentzel-won-the-african-legal-awards-for-african-law-firm-of-the-year.aspx Webber Wentzel has been named African Law Firm of the Year (Mid-Large Sized Practice) at the 2022 African Legal Awards. 2022-10-23T22:00:00Z 493bd6c9-63e9-46cc-8d1b-cd38d455d8b0 https://www.webberwentzel.com//News/Pages/how-will-amendments-to-fica-schedules-1-2-and-3-apply-to-credit-providers.aspx Amendments to schedules 1,2 and 3 of FICA will see the inclusion of credit providers as accountable institutions. 2022-09-13T22:00:00Z a189f51d-ca1b-47d8-b3e0-21caaa209d9f https://www.webberwentzel.com//News/Pages/regulators-take-steps-to-encourage-esg-in-the-financial-services-industry.aspx The FSCA is taking a number of steps, beyond introducing amendments to Regulation 28, to encourage pension funds to invest in green and other ESG investments. 2022-09-11T22:00:00Z 22393ba7-e3c2-4b8b-ba71-5632442cad40 https://www.webberwentzel.com//News/Pages/esg-disclosure-framework-in-the-pipeline-for-south-african-financial-services-companies.aspx The South African Reserve Bank will shortly issue a draft sketching an ESG disclosure framework for the financial services organisations that it supervises. 2022-09-11T22:00:00Z 8146144b-fb7d-4162-8b74-08dfc8c53a08 https://www.webberwentzel.com//News/Pages/banking-on-climate-change-the-rise-of-climate-finance-related-disputes.aspx Following ESG trends, South Africa’s banking sector is gearing up to provide sustainable financing. This shift into a new era of clean energy will give rise to complex ESG related disputes, and stakeholders should consider including an arbitration clause in underlying contracts to mitigate their risks. 2022-09-05T22:00:00Z 4f61db0b-9b5b-409d-a01c-1a2ebbeaf446 https://www.webberwentzel.com//News/Pages/seminar-invitation-webber-wentzel-financial-services-round-up-cape-town-edition.aspx Please join us in Cape Town for our upcoming seminar where the experts from our Financial Services Sector Group will present their key insights. 2022-09-04T22:00:00Z a42d7b40-d487-4456-9bfa-73431e18de4f https://www.webberwentzel.com//News/Pages/south-africa-green-finance-taxonomy-project.aspx Following a two-year consultation and development process, South Africa’s first national Green Finance Taxonomy was launched on 1 April 2022 by the Taxonomy Working Group as part of South Africa’s Sustainable Finance Initiative. 2022-08-29T22:00:00Z 7a340896-fc34-437e-9a65-2425c8c3152d https://www.webberwentzel.com//News/Pages/airline-industry-new-bill-has-important-tax-consequences.aspx The National Treasury has published the Taxation Law Amendment Bill. This bill, effective from 1 January 2023 will have important tax consequences for stakeholders in the airline industry. 2022-08-24T22:00:00Z 6c1bd50c-e647-4f54-a679-13a56337d3a2 https://www.webberwentzel.com//News/Pages/seminar-invitation-webber-wentzel-financial-services-roundup.aspx Please join us for our upcoming seminar where the experts from our Financial Services Sector Group will present their key insights of the issues impacting the sector 2022-06-20T22:00:00Z ae4539f1-d428-44ad-9af5-472138e04ab7 https://www.webberwentzel.com//News/Pages/22-legal-developments-for-businesses-to-monitor-in-2022.aspx We have collated a snapshot of key themes to track in 2022 and of 22 legal developments for the year which you will need to keep a tab on. In 2022, various legal developments are expected to have an impact on businesses, particularly in the fields of liability, ESG, digital and economic transformation. 2022-03-22T22:00:00Z c3dd33b9-3166-4ca6-9f91-3376e868f686 https://www.webberwentzel.com//News/Pages/access-insights-series.aspx ​​​​​​​​​​​To mark the culmination of the most recent topic of focus between Africa Legal and Webber Wentzel, we are proud to present a downloadable compilation of content focused on ‘access’ to new markets, sectors and technology. 2022-03-10T22:00:00Z cfe03441-30ec-4445-b952-d9dbd8c6222f https://www.webberwentzel.com//News/Pages/future-trends-in-green-financing.aspx Green financing is likely to evolve over the next few years, with financial institutions increasingly requiring more accurate measurements of borrowers’ achievements against targets. 2022-02-22T22:00:00Z fecedd6f-5cf2-4e8f-bc9c-af7cb042a3f4 https://www.webberwentzel.com//News/Pages/National-Treasury-makes-strides-on-devising-new-risk-free-bank-rate.aspx Details of a new wholesale overnight lending rate, Zaronia, will be published this year, with the aim of providing a more reliable rate to replace Jibar. 2022-02-21T22:00:00Z 10a5d6fd-03fe-49b6-9977-47a41e01a90b https://www.webberwentzel.com//News/Pages/webber-wentzel-recognised-in-chambers-global-2022.aspx Earlier this year, Webber Wentzel was awarded South Africa Law Firm of the Year at the Chambers Africa Awards 2022. Yesterday, Chambers Global released its 2022 results, ranking law firm practices and lawyers according to their client service, commercial vision, business understanding, diligence and value for money. 2022-02-17T22:00:00Z 8ee5df5b-6c1d-4e32-b49b-7734324d29a6 https://www.webberwentzel.com//News/Pages/access-to-banking-and-insurance-in-africa-and-the-role-of-technology.aspx Africa may be the most underbanked continent in the world, but access to financial markets is gaining momentum, thus presenting a myriad of opportunities – and risks. A team of experts share their views on this topic with Africa Legal’s Tom Pearson. 2022-01-20T22:00:00Z a20f2667-eccc-417d-982a-ffc9fe94b7eb https://www.webberwentzel.com//News/Pages/south-african-law-year-to-come-2022-and-year-in-review-2021.aspx Webber Wentzel has contributed to the Linklaters' global guide series - Year to Come 2022 and Year in Review 2021. The series brings together analysis, thinking and highlights from lawyers around the world across multiple jurisdictions, in the form of topic-specific and jurisdictional guides. 2022-01-17T22:00:00Z 8dd2643a-80eb-48e2-8766-fe5762df5b4e https://www.webberwentzel.com//News/Pages/a-new-chapter-has-opened-for-commercial-funding-of-sustainability-projects.aspx Innovative funding for sustainability projects is spurring legal firms like Webber Wentzel to innovate also in the loan agreements that they are drafting for clients 2021-10-18T22:00:00Z 24f97ae2-27f6-4a0a-bba7-bb46ac98d618 https://www.webberwentzel.com//News/Pages/a-journey-of-growth-and-success.aspx Webber Wentzel Senior Partner Christo Els and Managing Partner, Sally Hutton, chat to Tom Pearson in a podcast focussing on the growth and success of one of Africa’s foremost law firms. 2021-08-09T22:00:00Z 9c3c9565-4475-48b1-a01d-201d45192ac6 https://www.webberwentzel.com//News/Pages/the-complexities-of-group-governance.aspx The Insurance Act provides a useful framework for governance of increasingly complex and multi-product financial services groups 2021-04-29T22:00:00Z c27729ca-1fcc-439d-8627-5fa47cc06f88 https://www.webberwentzel.com//News/Pages/the-roadmap-for-ending-libor.aspx The UK Financial Conduct Authority is considering whether it will be necessary to publish some synthetic LIBOR benchmarks after the termination dates set out by ICE Benchmark Administration to assist legacy contract holders 2021-03-10T22:00:00Z 74aaa434-db9a-413e-b6fe-a9a63c8960cc https://www.webberwentzel.com//News/Pages/sa-lets-do-business-ebook.aspx ​A tailored and on-the-ground perspective for business in South Africa and those looking to invest in South Africa. 2021-02-28T22:00:00Z 971e4e77-e288-4cc7-8e91-2046f91eb1cb https://www.webberwentzel.com//News/Pages/webber-wentzels-expertise-recognised-by-chambers-global.aspx Chambers Global has released their 2021 results. Webber Wentzel had an exceptional year with key highlights. 2021-02-21T22:00:00Z 321e791d-96e6-4feb-8ad7-f9ad44ceaeb2 https://www.webberwentzel.com//News/Pages/21-legal-developments-for-businesses-to-monitor-in-2021.aspx We have collated a snapshot of key themes to track in 2021 and of 21 legal developments for the year which you will need to keep a tab on. 2021-02-17T22:00:00Z 5c66145e-a584-44ed-92ab-8e8d2fb18c36 https://www.webberwentzel.com//News/Pages/ibor-reform-has-significant-implications-for-sa-financial-industry.aspx Since 2017, Interbank Offered Rate (IBOR) reform has been on the cards in many markets around the world. The use of the London Interbank Offered Rate (LIBOR) as a benchmark, is set to be discontinued. 2020-12-08T22:00:00Z ae2e0102-36ac-4c64-87c4-fadc657d2be9 https://www.webberwentzel.com//News/Pages/linklaters-global-guide-year-in-review-2020-and-year-to-come-2021.aspx We have contributed to the Linklaters' global guide series - Year in Review 2020 and Year to Come 2021. 2020-12-06T22:00:00Z ead1c219-d518-478c-ac19-b4200a6bfe9f https://www.webberwentzel.com//News/Pages/ibor-reform-in-the-context-of-south-african-financial-institutions.aspx On 27 November 2020, we hosted a webinar titled IBOR reform in the context of South African financial institutions. 2020-11-30T22:00:00Z fde094bc-ea50-43a4-9434-2d1972d5b325 https://www.webberwentzel.com//News/Pages/covid-19-impact-on-banks-non-insurance-financial-has-institutions-and-expectations-on-regulated-are-entities.aspx In response to the Covid-19 emergency, the South African Reserve Bank and the South African financial sector regulators, the Prudential Authority and the Financial Sector Conduct Authority, have implemented several mitigation measures to support the economy and companies. 2020-03-31T22:00:00Z 5a7cef7c-4d7a-4d1d-a2e3-8aea395e57ba https://www.webberwentzel.com//News/Pages/covid-19-competition-exemptions-for-banking-and-retail-property-sectors.aspx On the back of the declaration of COVID-19 as a national disaster and the subsequent publication of the COVID-19 Block Exemption for the Healthcare Sector under the Competition Act, 1998, the Minister of Trade, Industry and Competition (the Minister) on 23 and 24 March 2020 published the Block Exemptions for the Banking Sector and Retail Property Sector, respectively. 2020-03-24T22:00:00Z f640aae8-682d-4a8b-94bf-0e90e41570b2 https://www.webberwentzel.com//News/Pages/global-legal-insights-banking-regulation-2020-south-africa.aspx Webber Wentzel has contributed to the Global Legal Insights (GLI): Banking Regulation 2020 Guide. 2020-03-24T22:00:00Z 4e65d1c0-9413-4937-9fce-68597bfe0063 https://www.webberwentzel.com//News/Pages/understanding-the-role-that-fund-financing-is-increasingly-playing-in-the-pe-sector.aspx Over the past decade, fund financing has played an increasingly important role in private equity. 2020-03-15T22:00:00Z 1a604376-3918-49da-ac6c-6cd9abf761d0 https://www.webberwentzel.com//News/Pages/chambers-global-recognises-excellence-at-webber-wentzel.aspx Chambers Global has released their 2020 results. Webber Wentzel had an exceptional year with key highlights. 2020-02-13T22:00:00Z 398d2829-54ff-4924-a409-02239a98aea4 https://www.webberwentzel.com//News/Pages/reflections-on-2019-and-key-insights-for-2020.aspx Each year we publish a South Africa - Year in Review and Year to Come 2019/2020 insights piece with our alliance partner, Linklaters. 2020-01-08T22:00:00Z 333bb52a-9166-4b97-aea3-d00ffa54d103 https://www.webberwentzel.com//News/Pages/key-takeaways-from-our-spotlight-on-angola-and-mozambique-event.aspx Mozambique will experience major economic development and growth as a result of the natural gas finds in the north of the country, Webber Wentzel’s senior partner Christo Els told a Webber Wentzel/Linklaters client seminar in Sandton. 2019-11-26T22:00:00Z 05e0cd2b-f07d-4715-a337-af97bbe5c802 https://www.webberwentzel.com//News/Pages/update-on-unforeseen-preference-share-amendments.aspx The 2019 Taxation Laws Amendment Bill (TLAB) contains a significant and unexpected amendment to the definition of "hybrid equity instrument" in section 8E of the Income Tax Act. 2019-11-19T22:00:00Z 4d955cf5-09a9-4ca8-8065-4710523c24ca https://www.webberwentzel.com//News/Pages/unforeseen-preference-share-amendments.aspx 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 Act, which will deem any distributions made within 3 years of the date of issue of a preference share to be treated as normal income and fully taxable in the holder's hands. 2019-10-31T22:00:00Z e027e50e-f656-47c5-ba32-26405c2d768c https://www.webberwentzel.com//News/Pages/more-partners-move-to-webber-wentzel.aspx Three partners have recently joined Webber Wentzel, building both the firm’s Banking & Finance and Corporate teams. 2019-10-23T22:00:00Z 9f990f85-32b0-4cd9-9512-f8c868f6f226 https://www.webberwentzel.com//News/Pages/webber-wentzel-is-african-law-firm-of-the-year-at-the-african-legal-awards.aspx Webber Wentzel received the coveted African Law Firm of the Year award at the 2019 African Legal Awards on Friday, 6 September 2019. 2019-09-08T22:00:00Z f36c5a23-adbd-4f60-9236-d1e1b8064b44 https://www.webberwentzel.com//News/Pages/webber-wentzel-publishes-insights-pieces-looking-at-key-legal-and-regulatory-developments-for-2018-2019.aspx Webber Wentzel together with its alliance partner, Linklaters, recently published a Year in Review and Year to Come 2018/2019 insights piece. This publication highlights significant legal and regulatory developments that took place in South Africa during 2018, and expected changes for 2019. 2019-01-14T22:00:00Z d057fa58-082c-4e4e-ba36-e38a2abc059b https://www.webberwentzel.com//News/Pages/catch-up-with-competition-law-now-november-2018.aspx On 20 November 2018, the National Council of Provinces' Economic and Business Development Committee adopted the "B" Version of the Competition Amendment Bill 2018 (the Bill). 2018-12-02T22:00:00Z 18039e94-459e-41cc-9cf9-d365da7f438c https://www.webberwentzel.com//News/Pages/webber-wentzel-wins-at-the-african-legal-awards-2018.aspx Webber Wentzel won three of the main awards at the prestigious African Legal Awards hosted in Johannesburg on 7 September, 2018. Webber Wentzel was named Banking, Finance and Restructuring Team of the Year, with alliance partner, Linklaters. The firm also secured the CSR, Diversity, Transformation and Economic Empowerment Award. 2018-09-13T22:00:00Z 63b5f279-cd33-4662-8148-e68d100d1ae5 https://www.webberwentzel.com//News/Pages/iflr1000-women-leaders-guide-2018-recognises-webber-wentzel.aspx The IFLR1000 recognised Sally Hutton, Karen Couzyn, Safiyya Patel and Angela Simpson as part of this year’s Women Leaders.  2018-06-12T22:00:00Z b046101c-edbe-4e7e-817e-0f1ea694b52e https://www.webberwentzel.com//News/Pages/south-african-airways-understanding-the-possibility-of-business-rescue-proceedings.aspx Over the last twenty four months, we have been closely monitoring the financial condition of South African Airways (SAA) and advising our aviation and financing clients regarding their general exposure to SAA and, in particular, the risks and likelihood of an SAA insolvency and/or business rescue. 2018-04-23T22:00:00Z 324246dd-45e0-4223-9b10-ec155edfc872 https://www.webberwentzel.com//News/Pages/disrupting-the-disrupted-the-dawn-of-fintech-regulation-in-the-twin-peaks-new-world-order.aspx The South African Revenue Service (SARS) has effectively broken the regulator blood oath taken in 2014 that had frozen the South African cryptocurrency market in the realm of regulatory neutrality for the past 3 years. 2018-04-10T22:00:00Z 21ab9a4a-4d79-43f7-ad9c-4e7bd6218ad3 https://www.webberwentzel.com//News/Pages/south-africa-year-in-review-and-year-to-come-2017-2018.aspx In 2017, we saw significant legal and regulatory changes affecting South African businesses. It is likely that 2018 will bring further changes. 2018-01-24T22:00:00Z bfda76b1-0a26-4cdb-b384-8aec2168cef0 https://www.webberwentzel.com//News/Pages/national-treasury-shows-some-flexibility-on-share-buy-back-rules-but-not-a-lot.aspx The Taxation Laws Amendment Bill (TLAB), released on 25 October 2017, proposes measures intended to target certain share buy-back and dividend stripping arrangements.  2017-10-29T22:00:00Z