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        <title>Polity.org.za | Werksmans</title>
        <description><![CDATA[Above-and-Beyond Approach Ensures Optimal Outcome That Position Our Clients For Success. We Deliver A Unique Client Experience, Going Far Beyond The Application Of Law. Solution-driven Thinking. Corporate and Commercial. Unrivalled Expertise.]]></description>
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            <title>Business rescue recapitalisations upheld: the legal and commercial significance of White Rivers ...</title>
            <link>https://www.polity.org.za/article/business-rescue-recapitalisations-upheld-the-legal-and-commercial-significance-of-white-rivers-exploration-v-polsun-2026-06-17</link>
            <description><![CDATA[The Gauteng High Court, Johannesburg, has delivered an important judgment in White Rivers Exploration Proprietary Limited v Polsun Limited, reaffirming the power of an adopted business rescue plan to fundamentally reshape a company’s equity structure. The decision will be of interest not only to business rescue practitioners, but also to lenders, investors and shareholders involved in distressed restructurings. At its core, this case concerned a familiar commercial problem. A financially distressed company required fresh capital if it was to survive, which solution was not simply an operational turnaround or a compromise of debt. It was a full recapitalisation: all of the existing issued shares were to be cancelled and new shares issued to an incoming investor as part of the rescue funding package. The Court described this mechanism as lying “at the very heart of the restructuring” and as the commercial quid pro quo for the capital required to rescue the company.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Wed, 17 Jun 2026 10:26:00 +0200</pubDate>
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            <title>The Concept of “Need” in South Africa’s Healthcare Framework: From Certificates of Need ...</title>
            <link>https://www.polity.org.za/article/the-concept-of-need-in-south-africas-healthcare-framework-from-certificates-of-need-to-national-health-insurance-accreditation-2026-06-15</link>
            <description><![CDATA[On 18 May 2026, the Constitutional Court (“CC”) in Solidarity Trade Union and Others v Minister of Health and Others confirmed the invalidity of the Certificate of Need (“CoN”) provisions contained in sections 36 to 40 of the National Health Act (“NHA”). The CC found that the CoN provisions were irrational and unjustifiably limited the right to choose a trade, occupation or profession freely. The CC’s invalidity confirmation has prompted closer examination of the role that the concept of “need” plays within South Africa’s healthcare legislative framework.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Mon, 15 Jun 2026 14:09:00 +0200</pubDate>
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            <title>Merger condition compliance: Proposed Rule 39 amendment brings improvements to process but ...</title>
            <link>https://www.polity.org.za/article/merger-condition-compliance-proposed-rule-39-amendment-brings-improvements-to-process-but-shifts-the-burden-of-proof-to-merged-entities-2026-06-04</link>
            <description><![CDATA[Key implications of the proposed amendment to the procedure that will be followed by the Competition Commission when firms subject to merger conditions (“merged entities“) are believed to have breached those conditions. Introduction]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 04 Jun 2026 11:00:00 +0200</pubDate>
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        <editor>Creamer Media Reporter  </editor>
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            <title>Cryptocurrency is money and capital for exchange-control purposes</title>
            <link>https://www.polity.org.za/article/cryptocurrency-is-money-and-capital-for-exchange-control-purposes-2026-06-04</link>
            <description><![CDATA[1. Introduction 1.1. This case involved Mr Mangundhla and Ms Dangaiso, who both had trading accounts on the Luno platform, a well-known cryptocurrency trading platform. Ms Dangaiso does not trade in cryptocurrency, but her involvement in the case arose solely from the fact that Mr Mangundhla used her account to circumvent the limit that would ordinarily apply to the trades he could carry out using his account alone. Mr Mangundhla traded in cryptocurrency quite lawfully for an extended period between April 2015 and December 2017. However, from January 2018, Mr Mangundhla’s behaviour on the accounts changed. Between January 2018 and March 2020, Mr Mangundhla used the accounts to ‘funnel’ just under 1680 Bitcoin purchased in the Republic of South Africa (“South Africa“), worth just under R182 million, to Bitcoin wallets that were only accessible through cryptocurrency exchanges registered outside South Africa.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 04 Jun 2026 10:57:00 +0200</pubDate>
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            <title>How the Competition Commission’s ESOP impact study may shape future mergers</title>
            <link>https://www.polity.org.za/article/how-the-competition-commissions-esop-impact-study-may-shape-future-mergers-2026-06-04</link>
            <description><![CDATA[South African companies often introduce Employee Share Ownership Plans (“ESOPs“) for a variety of reasons. Through an ESOP, workers acquire shares in the firm in which they are employed without incurring an upfront cash outlay, entitling them to dividends and/or capital gains in their employer. Structuring an ESOP gives rise to complex legal, tax, accounting, and industrial relations questions. In recent years, the provisions of the Competition Act 89 of 1998 (“Competition Act“) also come into play when ESOPs are introduced in the context of obtaining merger approval from South African competition authorities. In this context, a new study from the Competition Commission (“Commission“) deserves attention. Publication of the Commission’s ESOP Impact Study]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 04 Jun 2026 10:44:00 +0200</pubDate>
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            <title>From policy direction to regulation: Is South Africa finally achieving rapid deployment?</title>
            <link>https://www.polity.org.za/article/from-policy-direction-to-regulation-is-south-africa-finally-achieving-rapid-deployment-2026-05-21</link>
            <description><![CDATA[In September 2024, we published an article examining whether Government was aligned in its approach to enabling the rapid deployment of electronic communications networks and facilities, highlighting a persistent disconnect between national policy objectives and municipal implementation, particularly in the context of the Standard Draft By-Laws for Deployment of Electronic Communications Facilities (“Draft By-Laws“), gazetted on 24 February 2023. We identified several specific deficiencies in ...]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 21 May 2026 15:39:00 +0200</pubDate>
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            <title>Employers have rights too: Rebalancing the modern workplace</title>
            <link>https://www.polity.org.za/article/employers-have-rights-too-rebalancing-the-modern-workplace-2026-05-21</link>
            <description><![CDATA[South African labour law is often discussed through the lens of employee protection. That is unsurprising. The Labour Relations Act, the Basic Conditions of Employment Act, and the raft of constitutional rights underpinning workplace regulation were all designed to address historical inequality and imbalance in the employment relationship. Yet, somewhere in the modern discourse, a dangerous misconception has emerged: that employers are little more than passive participants in their own businesses, stripped of the ability to manage risk, enforce standards, and protect commercial sustainability. That is not the law.]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 21 May 2026 15:37:00 +0200</pubDate>
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            <title>Your customer consented to direct marketing – but can you still contact them after they have ...</title>
            <link>https://www.polity.org.za/article/your-customer-consented-to-direct-marketing-but-can-you-still-contact-them-after-they-have-registered-on-the-national-opt-out-registry-2026-05-21</link>
            <description><![CDATA[Many businesses assume that once a customer has consented to direct marketing, they may continue contacting that customer unless the consent is expressly withdrawn. South Africa’s updated direct marketing regime may challenge this assumption. Where a customer has expressly consented to receive direct marketing but later registers a pre-emptive block on the National Opt-Out Registry (the “Registry”), businesses face a difficult question: should the earlier consent or the later Registry entry ...]]></description>
            <author>Creamer Media Reporter  </author>
            <category>Werksmans</category>
            <pubDate>Thu, 21 May 2026 15:35:00 +0200</pubDate>
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