On 21 April 2020, the President of South Africa addressed the nation yet again to inform South Africans of additional economic and social relief measures to be put in place as a result of the novel coronavirus (“COVID-19”)...more
5/12/2020
/ Commercial Tenants ,
Coronavirus/COVID-19 ,
Covered Employees ,
Covered Employer ,
Federal Aid ,
Federal Loans ,
Financial Assistance Policies ,
Moratorium ,
Personal Protective Equipment ,
Retailers ,
South Africa ,
Tax Relief
The coronavirus (“COVID-19”) outbreak, declared by the World Health Organization as a global pandemic, is having far-reaching consequences for businesses. The outbreak has led the South African government to declare a...more
4/7/2020
/ Acquisitions ,
Business Interruption ,
Coronavirus/COVID-19 ,
Due Diligence ,
Force Majeure Clause ,
Government Lockdown ,
Impossibility ,
Material Adverse Change Clauses (MACs) ,
Material Adverse Effects ,
Merger Agreements ,
Mergers ,
Nonperformance ,
Operators of Essential Services ,
South Africa ,
State of Emergency
Several of the contemplated changes may improve South Africa's business climate -
The operation of South African companies is regulated by the Companies Act of 2008 (the Companies Act), which replaced the Companies Act of...more