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SARB issues consultation paper on Prime Rate demise
The South African Reserve Bank (“SARB”) published a consultation paper on 16 February 2026 with proposals to demise the prime lending rate (“Prime Rate”) and designating the Repurchase Rate (“Repo Rate”) (to be called the SARB policy rate or SPR) as its replacement.
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Many South African businesses use disclaimers and indemnities as a routine feature of customer-facing operations.
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There have been numerous court decisions dealing with electronically commissioning affidavits.
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On 27 January 2026 the Department of Trade, Industry & Competition (“ DTIC”) published for comment proposed draft amendments of the Determination of Merger Thresholds, in terms of section 11 of the Competition Act, No. 89 of 1998. The deadline for comments is 10 March 2026.
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Performers traditionally have been treated as independent contractors and not as employees. The Minister’s intention arises from representations by various stakeholders in the industry that performers are vulnerable workers and are entitled to the basic protections of labour law.
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