South Africa: Fund Management/ REITs

ZAR 475 million, ZAR 210 million, ZAR 59 million, these are not lottery-winning jackpot amounts. They are some of the eye-watering administrative penalties that have recently been imposed by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) (together, the Regulators) during 2024 on (i) the late Mr Jooste for perpetrating insider trading...

Conduct a thorough valuation of the portfolio assets being transferred to determine their fair market value. This provides the pricing mechanism for the continuation fund.

​​The private equity (PE) fundraising landscape, historically dynamic and competitive, has become increasingly challenging in recent years. As a number of funds compete for limited investor capital, a consistent question we get as fund formation lawyers is: 'How have successful asset manager clients secured capital in this crowded market'?

After extensive public consultation with industry participants and interested parties, as well as industry specific engagement, the Financial Sector Conduct Authority ("FSCA") published ...

Whether it is to build your ideal home from scratch or to make improvements to your existing property, chances are that you may need a loan from a bank to cover the costs of the building works. To avoid delays and unexpected ...

In Solidarity v Minister of Small Business Development and Others; Afriforum v Minister of Tourism and Others, the Pretoria High Court held that the state, acting under the regulations published in terms of...

During the 2014 tax year, the South African Revenue Service ("SARS") introduced a new income tax return for trusts (ITR12T) which was much more comprehensive than its predecessor.

The Registrar of Pension Funds published a draft circular for comment on 27 February 2015 titled "The governance, winding-up and cancellation of the registration of a shell fund or a dormant fund without a board or liquidator".

The Disclosure Requirements were published by the Registrar on 8 August 2014 and will take effect on 1 May 2015.