Dear All,
Please see the latest happenings for this week.
Alison and her great team.
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COMPETITION
20 years on: should EU competition law be amended?
On 30 June 2022, the European Commission launched a public consultation. Some 20 years after the introduction of EU Regulation 1/2003 and EU Regulation 773/2004, interested parties had until 6 October 2022 to comment on whether they should be supplemented or amended, and if so, how this should be actioned.
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FINANCE
Preventing grey-listing through legislative amendments
In November 2022, South Africa is expected to present a report to the Financial Action Task Force (“FATF”) on the steps it has taken to address the shortcomings identified in the Mutual Evaluation Report concluded last year. Two such steps include the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill (“General Laws Amendment Bill”) and the Protection of Constitutional Democracy against Terrorist and Related Activities Amendment Bill (“POCDATARA Amendment Bill”). |
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LABOUR
‘Cash-Strapped Tongaat Hulett Puts Over 14,000 Jobs On The Line’ The company admitted to financial distress last week and said that it would be beginning a voluntary business rescue process. The South African Cane Growers Association (SACGA) said on Wednesday nearly 15,000 jobs hang in the balance as company Tongaat Hulett Limited missed its deadline to pay them.
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ROADS AND TRANSPORTATION
Strict new driving laws for South Africa face ultimate challenge this month
The constitutionality of South Africa’s strict new driving laws will be brought into focus this month, with the Constitutional Court set to hear arguments over the Administrative Adjudication of Road Traffic Offences (Aarto) Act and the Aarto Amendment Act on 15 November.
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