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

HERBERT SMITH FREEHILLS ADVISES THE KINGDOM OF SAUDI ARABIA ON ITS NEW MINERAL LAW REGIME, A GAME CHANGER FOR THE SECTOR

Leading global law firm Herbert Smith Freehills has advised the Saudi Ministry of Industry and Mineral Resources on the entire suite of implementing regulations and guidelines supporting the recently promulgated New Mining Investment Law, 2020 (the New Law) which came into effect in January 2021. The mineral law reform programme forms part of the Kingdom … Read more

NEW EXTENSION OF THE DEADLINE TO COMPLY WITH THE NEW CEMAC REGULATION

On November 5th, the Governor of the Central Bank for Central African States (the “BEAC”) issued a decision to extend the moratorium period granted to extractive companies to comply with CEMAC Regulation No. 02/18/CEMAC/UMAC/CM relating to foreign exchange (the “New CEMAC Regulation”) until 31 December 2021. This is rather good news for mining and petroleum … Read more

AfCFTA PROTOCOL MUST PROVIDE A FAIR REGULATORY ENVIRONMENT AND PROTECTION FOR INVESTORS

Authors: Peter Leon, Ernst Muller and Natasha Rachwal Negotiators have an opportunity to fashion a regime that supports modern investment policies by promoting sustainable development.  With less than three months before the expected conclusion of negotiations on the African Continental Free Trade Area’s (AfCFTA) protocol on investment increasing attention is being paid to the protocol’s … Read more

THE UNREGULATED TERRAIN OF HISTORIC MINE DUMPS IN SOUTH AFRICA

Authors: Patrick Leyden and Aobakwe Mametse The term ‘mine dump’ is usually used to refer to waste that is consequential to mining operations and comprises of tailing, slimes, waste rock, sand or other residue that is produced during the course of conducting mining operations. In recent times mine dumps have become more than just the … Read more

WHAT COMMODITIES ARE SHOWING MORE RESILIENCE FROM COVID-19 AND WHY?

Olivier Binyingo, a director in the Johannesburg office of Herbert Smith Freehills South Africa LLP who has built particular experience in the Democratic Republic of Congo, will be participating in a virtual panel discussion to be organised by DRC Mining Week on 18 June which will discuss “What commodities are showing more resilience from COVID-19 … Read more

WEBINAR: THERE IS NO FUTURE FOR FRONTIER EXPLORATION

Bertrand Montembault, a partner in the Paris office of Herbert Smith Freehills who has built particular experience in the oil & gas sector in Francophone Africa, will be moderating an Oil Council webinar on Thursday 25 June at 11:00 BST which will discuss “There Is No Future For Frontier Exploration”. To register for this event, … Read more

WEBINAR: POST-COVID-19: RE-IMAGINING THE SUB-SAHARAN AFRICA MINING SECTOR

Thursday 21 May 2020, 15.30 – 16.45 CAT A lot has been said about the mining industry’s current travails and what mining companies must do to survive. The question remains: what do we do after the lockdown? We find ourselves at another kairos moment in the World’s history – an important crossroads where we are … Read more