Dear All,
Please see the latest happenings for this week, including some interesting articles such as:
- Government ditches Covid rules on masks, gatherings and travel;
- MTN nailed over Double Your Bundle advertisement;
- Looming shutdown of Tiger Brands’s canning factory ‘disastrous’ – Agri SA;
- Coming clean: What the JSE’s guide for sustainability and climate change disclosures is all about; and
- South African Constitutional Court clarifies public procurement ruling
to name a few.
Alison and her great team.
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ADVERTISING
MTN nailed over Double Your Bundle advertisement
An MTN promotional SMS sent to a customer regarding its Double Your Bundle deal is misleading, the Advertising Regulatory Board (ARB) has found. The self-regulatory body has ordered MTN to withdraw the advertisement or offer the deal as advertised.
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BUSINESS
Looming shutdown of Tiger Brands’s canning factory ‘disastrous’ – Agri SA
Placing 4 500 jobs on the line should potential new investors fail to raise the funds to take over the operations. Agricultural association Agri SA is warning that the closure of Tiger Brands’s Langeberg and Ashton Foods fruit canning factory in the Western Cape will have disastrous implications for the province’s farming communities, threatening more than 4 500 jobs and disrupting crucial value chains.
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FINANCE
Coming clean: What the JSE’s guide for sustainability and climate change disclosures is all about
The Johannesburg Stock Exchange (JSE) has published a new guide to assist companies in their reporting of sustainability and climate-related impacts. The Sustainability and Climate Disclosure Guidance documents are the first of their kind and are intended for use by both listed and unlisted companies, although not obligatory. The Climate Disclosure Guidance complements the Sustainability Disclosure Guidance – which is the overarching document on how and what information should be disclosed when it comes to Environmental, Social and Governance (ESG) issues and climate change.
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PUBLIC SECTOR
South African Constitutional Court clarifies public procurement ruling
The decision of a South African court earlier this year declaring the country’s procurement regulations to be invalid continues to have a wide-ranging effect on public procurement. The February 2022 Constitutional Court (CC) decision ruled the Preferential Procurement Regulations 2017 to be inconsistent with the Preferential Procurement Policy Framework Act (PPPFA), upholding by a majority a November 2020 decision of the Supreme Court of Appeal (SCA).
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