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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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A recent High Court ruling (Welkovics v Health Professional Council of South Africa (A274/2024) [2025]) has clarified that doctors are not legally or ethically obligated to accept every private patient seeking care particularly where no immediate medical emergency exists.
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South Africa’s recent amendment to section 25B of the Income Tax Act introduces a material change in the taxation of income distributed by resident trusts to non-resident beneficiaries.
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On 28 January 2025, the Durban Labour Court in South African Container Depots (Pty) Ltd t/a Bidvest SACD v Sheriff: Durban Coastal, Provincial Commissioner: SAPS, NUMSA, RETUSA and others 2025 ZALCD 3 dismissed an urgent application by Bidvest to, amongst other things, have a protected strike declared unprotected on the basis of acts of extreme violence committed against its employees and those of its contractors,and interdicting the employees from striking until picketing rules had been agreed or issued by the CCMA.
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On 14 June 2023, the Democratic Alliance (“DA”) launched an application in the Pretoria High Court, challenging some of the most recent amendments to the Employment Equity Act 55 of 1998 (“EEA”), as unconstitutional and invalid.
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