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 likely investment protections and rights of recourse for investors in Africa.

While it should establish a pragmatic framework for investment across the continent, the effect of the global Covid-19 pandemic on Africa and the concomitant economic uncertainty underscores the need for a predictable, fair regulatory environment.

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SA LIKELY TO RETURN TO IMF FOR A MUCH BIGGER LOAN – LEON

Author: Peter Fabricius, Daily Maverick

But the reforms that the IMF would impose as conditions for the loan would save the economy, says Peter Leon.

South Africa will probably have to go back to the IMF for a much bigger loan than it has just got and this would come with conditions such as deep structural reforms to the economy.

These reforms would, however, be the “silver lining” on the immense fiscal crisis which the country now faces, exacerbated by the coronavirus pandemic, said Peter Leon, senior partner and co-chair of the African group at the law firm Herbert Smith Freehills.

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