CLEARING THE WATERS: THE UPSTREAM PETROLEUM RESOURCES DEVELOPMENT BILL, 2021

∨ Introduction ∨ Key differences between the 2019 Bill and the 2021 Bill ∨ Conclusion INTRODUCTION Total S.A.’s (Total) initial discovery just over two years ago of gas concentrate in the Outeniqua Basin (Brulpadda prospect, Block 11B/12B) offshore South Africa – a deposit reportedly containing around one billion barrels of oil equivalent1 – has placed … Read more

Boom de l’économie verte : les défis de l’industrie minière congolaise / Green economy boom: challenges and opportunities for DRC’s mining industry

Click here for the English translation Cet article a initialement été publié par Jeune Afrique dans son numéro du 1er Juin 2021 La transition vers une économie sobre en carbone s’accélère à la faveur des plans de relance économique dont les objectifs à cet égard sont ambitieux. Or pour les économistes, la transition énergétique n’aura … Read more

THE SUDANESE MINERAL LAW REGIME AND POTENTIAL LAW REFORM RECOMMENDATIONS

INTRODUCTION Sudan as a potential mining jurisdiction On 6 October 2017, the United States permanently lifted a twenty year-long raft of sanctions on Sudan. The decision was made in response to the African nation’s attempts to address concerns relating to terrorism, as well as human rights abuses against civilians in the country’s Darfur region. By … Read more

A MINING MAKE-OVER IN PROGRESS?

In his recent keynote address to the platinum group metals industry, Minister of Mineral Resources and Energy, Gwede Mantashe (the Minister) indicated that South Africa aims to increase the country’s share of global exploration expenditure to at least three per cent in the next five years. This is obviously laudable. According to data published by … Read more

ROUNDTABLE DISCUSSION l INVESTMENT AND EXTRACTIVES IN SUDAN: INSIGHTS AND IMPLICATIONS FOR HUMAN RIGHTS l 29 APRIL 2021

The German-African Business Association (Afrika-Verein) in collaboration with Fund for Peace (FFP) are cordially inviting you to a joint HUMAN RIGHTS & BUSINESS ROUNDTABLE Investment and Extractives in Sudan: Insights and Implications for Human Rights on April 29th 2021(2:00 pm – 4:00 pm CEST). Sudan is currently a country in transition. In 2019, a popular … Read more

SOUTH AFRICANS WILL DRAW THE SHORT END OF THE STICK IN EXPROPRIATION

The debated constitutional amendment will create an arbitrary hierarchy of standards, in which South Africans sit at the very bottom Parliament is debating two bills, one amending the property clause (section 25) of the constitution and another replacing the 1975 Expropriation Act to allow the state to take “land and any improvements thereon” without any … Read more

MEDIA COMMENT BY PETER LEON (PARTNER AND AFRICA CO-CHAIR AT HERBERT SMITH FREEHILLS) | 2021 STATE OF THE NATION ADDRESS

The COVID-19 pandemic has had a devastating impact on the South African economy. According to the World Bank’s most recent Global Economic Prospects Report (published last month; here) South Africa’s Gross Domestic Product (GDP) likely contracted by 7.8 per cent in 2020. This is three times more than the average contraction experienced in other Emerging … Read more

AN INTERVIEW WITH HERBERT SMITH FREEHILLS LLP DISCUSSING M&A IN AFRICA

Lexology GTDT Market Intelligence provides a unique perspective on evolving legal and regulatory landscapes. This interview is taken from the M&A volume featuring discussion and analysis of legal developments, keynote deals as well as an insight into typical transactions within key jurisdictions worldwide. 1. What trends are you seeing in overall activity levels for mergers … Read more