Dear Subscriber,
Please see the latest happenings for this week.
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COMPETITION
Heineken to buy South Africa’s Distell for R38.4 billion
Heineken agreed to buy South African wine and spirits maker Distell Group Holdings for 2.2 billion euros (R38.4 billion), creating a new regional group to compete with larger rival Anheuser-Busch InBev and spirits giant Diageo.
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ENVIRONMENTAL
SCA passes landmark decision on transfer of water use rights
A recent Supreme Court of Appeal (SCA) judgment, which found that the National Water Act (NWA) allows for the transfer of water use entitlements, may have significant implications from a deal-making perspective.
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FINANCE
Regulator fines consumers ’ ally
A consumer champion who has taken on listed companies such as Lewis and Capitec Bank on behalf of indebted customers has been found guilty of breaching the National Credit Act and ordered to pay a R500,000 fine
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LABOUR
The new Covid-19 legal case that South African workers should know about
South Africa’s courts recently dealt with the case of an employee who did not follow Covid-19 regulations at work and was subsequently dismissed.
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