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Introduction of Special Capital Gains Tax In Zimbabwe

Zimbabwe news 1

Section 26(3) of the Finance Act No. 13 of 2023 provides, inter alia that: (3) There is hereby chargeable a special capital gains tax on the transfer of a mining title, being a tax on the value of any transaction concluded within or outside Zimbabwe whereby any mining title: (4) In amplification of subsection (3): […]

Technology Media & Telecommunications in Africa update

Africa Update

This e-bulletin highlights key legislative and regulatory developments in the technology, media and telecommunications sectors in sub-saharan Africa.  This issue covers the period 16 April 2023 to 15 July 2023 and includes developments from Eswatini, Ethiopia, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, South Africa, Seychelles, Tanzania, Uganda, Zambia and Zimbabwe. eSwatini Notice […]

Africa well positioned to benefit from global green mineral boom

Africa Update

Africa is home to some 30% of the world’s mineral reserves, 8% of its natural gas reserves, and 12% of its oil reserves, according to the United Nations.  It also has 40% of the world’s gold, up to 90% of its chromium and platinum, and the largest reserves of cobalt, diamonds, platinum and uranium in […]

Intellectual Property Rights in Mergers and Acquisitions

Zimbabwe news 1

Article compiled by Tanaka Kachara, Associate at Scanlen & Holderness WHAT ARE MERGERS AND ACQUISITION? A merger is defined in the Companies and other Business Entities Act as an amalgamation or consolidation of two or more companies which in turn means the joining of one or more companies into another existing company.[1] The Competition Act […]

The fundamentals of intellectual property rights in Zimbabwe

Zimbabwe news 1

Article compiled by Tanaka Kachara, Associate at LEX Africa member firm Scanlen & Holderness. The past few decades have seen changes where economic success is influenced by knowledge-based industries and businesses commonly referred to as intellectual property. Competition in the modern economy has intellectual property at its core. This dynamic has significantly increased the need […]

Jump the gun, bite the bullet: Consequences of failure to notify a merger in Africa

South Africa Final 1

Article by Paul Coetser, Director & Head of Competition, and Sandiso Dhlomo, Candidate Attorney of Werksmans Attorneys, South Africa It is no longer a surprise that many, if not most, African countries now have competition laws. In addition, Africa has five regional economic areas with competition rules. In many of these countries and regional areas, […]

Legalising personal use of cannabis in Zimbabwe

Zimbabwe news 1

LEX Africa member firm Scanlen & Holderness is challenging the current Zimbabwe laws that ban personal use of cannabis – that is, the criminalization of the possession, cultivation, use and consumption of cannabis. The case is being handled by Associate Tapiwa John Chivanga who is passionate about this issue and has been working at the […]

Zimbabwe: New case on enforceability of choice of law clauses

Zimbabwe news 1

Article by Fidelis Manyuchi of Zimbabwean firm, Scanlen & Holderness Choice of Law in the face of Delta Beverages (Private) Limited v Blakey Investments (Private) Limited SC 59/22. The issue of choice of law has come to the forefront with the advent of the African Continental Free Trade Area (AfCFTA) and the increase in international […]

Zimbabwe in Focus

ZImbabwe

The World Bank and IMF both predict GDP growth above 5% for Zimbabwe in 2022, while both caution that decisive government action is needed for this to be attained. A recent encouraging World Bank overview of Zimbabwe says the country’s economy showed signs of recovery in 2021 and its GDP is now expected to rebound to […]

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