South African M&A conditions set to improve

South African M&A conditions set to improve

South African M&A conditions set to improve

Conditions for deal activity in South Africa are predicted to improve in 2018, but this will depend on political and economic conditions in the country in the next two years, according to the latest report from Baker McKenzie. In its third edition of the Global Transactions Forecast, the law firm states that the easing of key economic and political risks…

New Tanzanian mining law creates new risks and challenges

New Tanzanian mining law creates new risks and challenges

New Tanzanian mining law creates new risks and challenges

Earlier this year, the new Tanzanian government passed mining legislation aimed at what it described as safeguarding the nation against international exploitation of its mineral resources. These amendments to the Mining Act 2010 have resulted in the government being entitled to own (at the very least) a stake in mining projects operating in the country, as well as expansive powers to renegotiate…

Ease of doing business improves across Africa

Ease of doing business improves across Africa

Ease of doing business improves across Africa

Businesses and governments alike have welcomed findings from the World Bank, which show that Sub Saharan Africa economies adopted a record number of business reforms for a second consecutive year. Nigeria is one of the most improved, rising 24 places up the league table. President Muhammadu Buhari said, besides moving up 24 places in the rankings, Nigeria is also reported…

South African government publishes draft privacy rules

South African government publishes draft privacy rules

South African government publishes draft privacy rules

The South African Information Regulator has published the draft Protection of Personal Information (POPI) rules and invited people to comment on them by 7 November 2017. For risk managers, there will be some new things to be aware of but lawyers say the draft has not added too much that would be onorous. Lawyers at Michalsons said: “Well done to…

Mining code on cards for Africa

Mining code on cards for Africa

Mining code on cards for Africa

Mining houses and governments could be supported by a new model mining code for Africa. According to a report on African Business Communities, Africa has been enjoying a mineral boom, producing more than 10% of the world’s minerals by value, from more than 30% of its global mineral reserves. However, mining and development have not necessary gone hand in hand.…

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mines move towards settlement in silicosis claims

South African mining firms are reported to be preparing a multimillion-dollar settlement with as many as 100,000 former workers suffering from lung diseases. Mining News reported that Anglo American has set aside $101m in preparation for a potential settlement, while Gold Fields expects to pay about $30m to end a class action lawsuit. AngloGold Ashanti, Sibanye Gold and Harmony Gold Mining are among 32 respondents…

Inbound M&A deals to Africa have almost halved in past quarter

Inbound M&A deals to Africa have almost halved in past quarter

Inbound M&A deals to Africa have almost halved in past quarter

New figures from Baker McKenzie’s Cross-Border M&A Index show there were 17 inbound M&A deals in Africa in the second quarter (Q2) of 2017, a 48% drop from 33 deals in Q2 2016. On a quarter-by-quarter basis, inbound deal volume also dropped (by 45%) from 31 deals in Q1 2017. The total inbound deal value in the second quarter of…

New move to protect intellectual property rights in Kenya

New move to protect intellectual property rights in Kenya

New move to protect intellectual property rights in Kenya

The Kenya Association of Manufacturers (KAM) has launched an East African Community Intellectual Property Rights (IPR) Regime Study, which aims to enhance regional protection of IPRs, as a contributor to achieving the industrialisation agenda. At the launch, State Department of Industry principal secretary, Patrick Nduati, stressed that clear policies and strategies play a key role in driving industrialisation, job creation…

Diversified industrials leading the way in mergers and acquisitions

Diversified industrials leading the way in mergers and acquisitions

Diversified industrials leading the way in mergers and acquisitions

Transaction activity is healthy in the world’s largest sector, diversified industrial, according to law firm Hogan Lovells. Diversified industrial companies include manufacturing, chemicals, transportation, logistics, construction and engineering, and are perfectly placed to take advantage of deal-making opportunities, said Detlef Hass, head of Hogan Lovells’ diversified industrials sector group. He explained: “Because of their diverse portfolios, the recent pickup in…

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