Tuesday 3 August, 2021
The official Financial Markets Journal of SAIFM
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Ready for Margin – a closer look at the final SA...

In June this year, the Financial Sector Conduct Authority (the FSCA) and the Prudential Authority (the PA) published Joint Standard 2 of 2020 which sets out the Margin Requirements for non-centrally cleared over-the-counter (OTC) derivative transactions (Joint Standard).

The JSE issues further guidance on disclosure obligations

As discussed in the previous CDH Alert, the COVID–19 pandemic has had an impact on reporting obligations for listed entities. As a result, the JSE has reminded sponsors and designated advisors of their continuing disclosure obligations amidst the pandemic.

Emerging trends in the private equity industry in the post-pandemic environment

Written by Wayne Murray and John Gillmer When the harsh economic consequences of the COVID-19 pandemic began to take effect,...

New tax legislation proposed for REITS

The 2020 National Budget Speech (Budget) delivered by the Minister of Finance (Minister) contained various tax policy proposals including those aimed at refining the Real Estate Investment Trusts (REITs) tax regime. The proposals included clarifying the definition of REITs and the meaning of a share in the definition of REITs.

COVID-19 cash flow crisis solutions: debt or equity?

As a result of governmental and voluntary restrictions imposed to mitigate the impact of COVID-19, South African businesses are facing liquidity constraints in the short to medium term.

POPI: A Status Update

Everyone is asking the question, what has happened to the Protection of Personal Information Act 4 of 2013 (POPI)? Has this piece of legislation been forgotten in the wake of COVID-19?

JSE: Authority for issues of shares for cash may now be...

In accordance with the JSE Listings Requirements (Requirements), there are various shareholder decisions which may only be voted on at an “in person” general meeting of shareholders. Notably, a decision to issue shares for cash must be voted on at an actual meeting, and may not be voted on in writing. Owing to the lockdown in South Africa and the need for social distancing, physical shareholder meetings are off the table for the time being.

The “double decker structure” – creating valid security for preference shares

Notwithstanding a positive credit analysis at the onset, occasionally businesses or projects are unsuccessful and this sometimes leads to liquidation.

FSCA FAIS Notice 17/2020: Exemption from and extension of period to...

On 31 March 2020, the Financial Sector Conduct Authority issued FAIS Notice 17 of 2020 which provides an exemption from and extension of the period to comply with certain fit and proper requirements including in particular, continuous professional development requirements and regulatory examination requirements.

Special edition alert: Budget speech

Paragraph 38 of the Eighth Schedule to the Income Tax Act, 1962 (Act) indicates that transactions between connected persons are deemed to take place at arm’s length. In other words, assets are disposed of at market value by the seller and deemed to have been acquired at market value by the purchaser.