Newsroom

Cartel activity is a form of practice prohibited by the Competition Act. Cartel activities involves, but is not limited to the direct or indirect fixing of purchase or selling prices, the dividing of markets by allocating customers or suppliers and / or collusive tendering and other activities by a group of persons or trade organisations that promotes their self-interest. It is difficult for the competition authorities to detect cartel activities due to its intrinsic secret nature which renders both its detection and investigation difficult.

An agreement to negotiate a contract or further terms of a new contract in the future that is vague, illusory or unacceptably uncertain will not be enforceable in South African Law. For example, a promise in a purchase of land contract stating that should the purchase of land not be realised, the purchaser and seller will negotiate and conclude a lease agreement in respect of the land may be too vague and uncertain. This may be despite the intention of the parties for it to be a binding legal obligation to which the parties should be held.

Corporate restructures are not always simple and the tax implications may be brutal. Although some restructure transactions give rise to a disposition and would likely result in a liability for normal tax they do not always result in gains that truly affect a person's liability to contribute to revenue.