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At first glance, Africa appears to be an appealing investment destination with favourable prospects and multiple opportunities to be explored. Not only is the continent rich in natural resources, such as minerals, oil, gas...

Please see our mining experience in Africa.

Most people are familiar with the famous painting by René Magritte called "The Treachery of Images" (1928). The picture shows a pipe and below it the caption "This is not a pipe."

Below, please find issue 125 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

On 5 February 2022, Cabo Verde deposited its instrument of ratification for the African Continental Free Trade Area Agreement (AfCFTA), becoming the 41st country to do so.

The National Credit Bill, which proposes a number of significant and far reaching changes to our consumer credit laws, is expected to become an Act by the end of this year.

The Minister of Finance has had the banking sector in his sights for some time, not only because he believes that banks are enjoying excessive tax benefits, but because, both for themselves and for their clients, they are devising tax-driven investment schemes that erode the tax base. Recent additions to the Income Tax Act give effect to the legislature’s intention of reining in these practices.

The regulatory requirements affecting the asset management industry in South Africa are continuously being refined by the applicable policymakers and regulators.