New competition laws will impact small businesses
The regulations relate to commercial dealings among small businesses and agreements between suppliers, customers, and distributors.
The regulations relate to commercial dealings among small businesses and agreements between suppliers, customers, and distributors.
The bank also says it closed the accounts of some 190 clients in 2023 following ‘reviews of client activity and related reputational risks’.
The combined business will have assets under administration of more than R230 billion.
S. Bacher & Company is a distributor and wholesaler of brands such as Tommy Hilfiger and Hugo Boss.
The appeal will leave it up to the Constitutional Court to decide whether the competition authorities can investigate and prosecute foreign-based firms.
Investec has expressed its readiness to present its case in the Competition Tribunal after the Competition Appeal Court dismissed the rand-fixing case against several banks, including Standard Bank, FirstRand, and Nedbank, this week.
National Treasury will introduce the COFI Bill ‘very soon’ and amend the Financial Markets Act to tighten regulation of the country’s financial markets.