Investment and Risk Mitigation
The Department of Trade, Industry and Competition (the “DITC”) has issued guidelines for companies performing essential services to continue operations during the extended lockdown period, in accordance with the Disaster Management Act, 2002 (Act No. 57 of 2002) (the “Act”).
The guidelines provide as follows:
South Africa did not record the first case of Covid-19 in Africa, but it now has the highest number of reported cases on the continent.
Having had the benefit of watching governments respond to the outbreak of the pandemic in Asia, Europe and the United States, President Cyril Ramaphosa on…
Continue Reading South Africa’s Economic Response to the Covid-19 Pandemic
The Minister of Trade, Industry and Competition, Ebrahim Patel, has announced that all businesses permitted to provide ‘essential services’ during the national lockdown period in South Africa must first seek approval from the Department of Trade, Industry and Competition (the “DTIC”). If obtained, the approval enables a business…
Continue Reading COVID-19: Which South African Businesses Can Operate During the Nation-wide Lockdown?
With African governments increasingly taking strong actions to impede the spread of the COVID-19 virus – including in a number of jurisdictions, imposing full lockdowns – we are able to provide assistance to our clients, financial institutions, developmental finance organizations, companies and organizations on the continent. We are available to…
Continue Reading Covington’s Ability to Help Respond to the COVID-19 Pandemic in Africa
The Coronavirus (hereinafter “COVID-19”) is upending lives around the world—equally in developed and developing countries. Some are already affected by the deadly impact of COVID-19 (e.g. China, Italy, and France), while others’ lives have been altered due to efforts taken to “flatten the curve,” to ensure hospital systems…
Continue Reading Coronavirus: Potential Implications for Africa
Reports project that given current activities, the world will exceed the threshold for dangerous climate change in 2030. To address this forecast, 196 States plus the European Union met in Madrid, Spain in December 2019 for COP 25—the 25th session of the Conference of the Parties to the United…
Continue Reading COP 25: “Missed Opportunity” for Climate Change Action in Africa
Commencement of the AfCFTA. The landmark African Continental Free Trade Area (AfCFTA) is slated to go into force on July 1, 2020. When fully implemented, the trade agreement will eliminate tariff and non-tariff barriers, and substantially increase intra-regional trade to volumes worth over $3.3 trillion. Twenty-nine countries have deposited their…
Continue Reading Top Issues to Watch in Africa in 2020
In our experience, compliance professionals spend a significant amount of time and resources focusing on the “how” – designing, implementing, sustaining, and improving effective compliance programs. This focus is no doubt warranted given recent emphasis by enforcement authorities on the need for corporates to test the effectiveness of their compliance…
Continue Reading Articulating the Business Case for Investing in Compliance Programs
Companies today face increasingly complex regulatory frameworks globally and intense levels of corporate scrutiny from government enforcement agencies around the world. As government agencies embrace sophisticated crime-busting technology and the world shrinks through greater inter-agency cooperation, there are more ways than ever for governments to identify misconduct and hold companies…
Continue Reading Five Key Considerations For Handling Internal Corporate Investigations
