While the world remains divided over whether the global economy will weaken this year, amid inflationary pressures, escalating geopolitical tensions, and social unrest, the aftershocks have extended into global credit ecosystems as both borrowers and lenders adapt to new economic realities.

The past five years have given business leaders a clear indication of how interconnected and unpredictable business, society, and economies are.

The JSE has now circulated the final amendments regarding auditor accreditation including the removal of the whole of Section 22 (as well as Forms E1-E4), which will be effective as of 4 December 2023.

Tamela’s Mezzanine Debt Funds are more than just about financial returns. They are about making a lasting impact on society. Investments made in Mezzanine Debt Fund I have not only delivered returns but have also catalysed job creation, promoted inclusive economic participation, and contributed to economic growth in South Africa.

Tamela’s Mezzanine Debt Funds are more than just about financial returns. They are about making a lasting impact on society. Investments made in Mezzanine Debt Fund I have not only delivered returns but have also catalysed job creation, promoted inclusive economic participation, and contributed to economic growth in South Africa.

Since the last time Tamela covered the topic of proposed amendments to the JSE Listings Requirements, the amendments regarding the Financial Reporting Requirements (mainly dealt with in Sections 3 and 8), the Weighted Voting Share Structure, Free Float and Public Shareholders as well as Special Purpose Acquisition Companies (all mainly dealt with in Section 4) have been promulgated.

Yes, if used to combat inflation, suggests the Tamela team in this month’s article outlining the South African Reserve Bank’s (SARB) approach…

Persistent load shedding and the devaluing of the Rand threaten South Africa’s inflation trajectory, impeding economic growth and requiring urgent action to stabilise the currency and restore investor sentiment. These, together with geopolitical miscalculations, create a perfect storm alienating the country’s major trading partners.

The call to move away from the United States dollar (USD) has been brought into focus once again after the Russian Federation announced in March this year that it will be making use of the Chinese Yuan in transactions with its trade partners in Asia, Africa and Latin America, effectively replacing the USD as the dominant international currency for global transactions.

As many of you will know, Silicon Valley Bank (“SVB”), a financial institution specialising in providing banking and financial services to technology and innovation-based businesses, failed in March 2023.

In addition to the JSE Consultation Paper Proposals amendments summarised in last month’s article, the JSE has proposed the following Financial Reporting Disclosure Amendments:

The JSE Consultation Paper issued in October 2022 proposes the following amendments…