Practice

News

  • The NPA has been much in the news of late; its new National Director has had to justify previous underperformance and has done so (and has been roundly castigated as a result) by quoting a conviction rate of 94% of cases, brought to court. This sounds very rosy, but the problem is that the NPA choose what cases they will prosecute and factually (so says the journalist) the total convictions from the Specialised Commercial Crime Unit are 15% of what they were 20 years ago.
  • A welcome tax break is the doubling of the Single Discretionary Allowance giving taxpayers R2 million per year to move offshore.
  • Syndicated, as opposed to bilateral lending – terms few of us would have come across in the past. The principles, however, are old: https://www.cliffedekkerhofmeyr.com/export/sites/cdh/news/publications/2026/South-Africa/Banking-Finance-Projects/Downloads/Banking-Finance-Projects-Alert-26-March-2026.pdf
  • Construction guarantees may only be issued by registered insurers:

https://www.webberwentzel.com/News/Pages/construction-guarantees-as-non-life-insurance-substance-over-form.aspx

Conveyancing and Property

Lighten up