Legal Framework
From The Report: South Africa 2012
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OBG introduces the reader to the different aspects of the legal system in South Africa, in partnership with Edward Nathan Sonnenbergs. Koos Pretorius, Director, Edward Nathan Sonnenbergs, talks to OBG.
Articles from this Chapter
Rules of the game: The laws governing the establishment and activities of a company
Redressing historical wrongs: Laws that confer advantages to black-empowered enterprisesOBGplus
Since 1994, the South African economy has been profoundly transformed and consistent economic growth has been recorded. Despite these successes, the government recognised that as long as the economy continued to be characterised by strong gender or racial inequalities, South Africa would be socially and politically unstable. Thus, the government set about to adopt meaningful strategies and policies that would include the participation of the majority of South Africans in its economy. One such…
Workers’ rights: Historical developments in labour law plus proposed changesOBGplus
In South Africa ordinary common law contractual principles originally formed the primary basis of employment regulation in the private sector. As such, the employment contract rather than legislation tended to be pivotal in determining the content of employment relationships. The result was an employment dispensation that tended to suit employers as the stronger bargaining party in the pre-employment negotiation process. This position was exacerbated by the institutionalised system of apartheid…
Protecting ideas: A review of the major intellectual property lawsOBGplus
South Africa has a well-developed system of intellectual property (IP) laws. Developments in Europe are of significance here, and our legislation and case law follow the European position in many respects. IP rights are enforced by the civil courts, and, except for patents, we do not have a system of specialised courts. The highest body in terms of normal law is the Supreme Court of Appeal, whose judgments create precedent and are binding on all lower courts. It is possible to appeal on constitutional…
Owning property: A look at some of the country’s real estate lawsOBGplus
The real estate regime is heavily legislated and creates a definite framework within which persons may own property. South Africa has a first-class definitive registration system, with property rights protected by the 1996 Constitution of the Republic of South Africa. PROPERTY RIGHTS: Within the constitution is the Bill of Rights, which restricts the deprivation of property, except in the case of expropriation in terms of a law of general application. In such an event expropriation must be…
Foreign capital: Laws and regulations that apply to cross-border transactionsOBGplus
With its political and economic stability, competitive labour market and diverse industries, South Africa remains an attractive investment destination for offshore investors. The South African government is generally welcoming of foreign direct investment (FDI). It is one of the strategic goals of the Department of Trade and Industry (DTI), through its Trade and Investment South Africa agency, to increase the quality and quantum of FDI. As part of the DTI’s mission to provide an environment…
Koos Pretorius, Director, Edward Nathan Sonnenbergs, on South Africa’s new Companies ActOBGplus
The ever-increasing scramble for investment opportunities on the African continent has been a key driver of foreign direct investment into the country. Regional power, highly developed infrastructure, sophisticated banking and financial services sectors, as well as a stable and developed legal system, are some of the reasons why investors continue to view South Africa as the ideal launch pad into the rest of the continent. As a result, mergers and acquisitions activity in the South African…