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Hanneke Farrand joins Leaders in Law as the exclusive Trust and Tax Law member in South Africa

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Leaders in Law, the leading platform in its field, is delighted to welcome Hanneke Farrand as our exclusively recommended & endorsed Trust and Tax Law expert in South Africa.

Hanneke Farrand specialises in local and international individual and employees’ tax matters. She also assists clients with the establishment and ongoing implementation of appropriate structures in various jurisdictions for purposes of expanding their international business operations, growing personal wealth or planning for future generations.

Hanneke also focuses on cross-border transactions and disclosure requirements for individuals and families, with a specific focus on the various tax and exchange control implications. She advises individuals on the application of the Common Reporting Standards provisions and the implications of the automatic exchange of information between jurisdictions.

If you require any assistance in this area, please use the contact details provided in Hanneke’s profile below or contact us at info@leaders-in-law.com & we will put you in touch.

Hanneke Farrand

Controversial new antitrust law enacted in South Africa

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President Cyril Ramaphosa will today sign into law the Competition Amendment Bill, which will strengthen regulations against anti-competitive behaviour in industrial markets.
The bill, which was approved by the National Assembly in October 2018 and endorsed by the National Council of Provinces in December 2018, is a step in the right direction for SMEs, economic inclusion and it opens up the economy to fresh investment and innovation.

It also provides a clear mandate to the competition authorities to address economic concentration in a balanced manner and to promote economic transformation, the Presidency said on Monday.

“The bill provides greater clarity to firms and investors on prohibited practices and what constitutes abuse of dominance.

“Another expected benefit is improved administrative efficiencies in the work of the competition authorities and facilitative powers to the executive,” the Presidency explained.

Additionally, the amended legislation seeks to combat concentration and economic exclusion as core challenges that contribute to slower and less dynamic growth, lower employment and greater inequalities, as well as socio-political conflict.

The Presidency said this will enable a more effective approach to concentration, with a focus on improving outcomes for small and black-owned business, and strengthen the institutions involved in managing competition policy and law.

“These changes are in the long-term interest of both business and organised labour and benefit small to medium-sized companies through a pro-growth, transformation model that can help lift investment and advance economic inclusion,” the Presidency said.

The signing ceremony will take place this afternoon at the Tuynhuys Chambers in Parliament. Economic Development Minister Ebrahim Patel, who campaigned fiercely for the bill’s codification, will join the ceremony along with a group of stakeholders.