• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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The sluggish growth of the South African domestic market due to socioeconomic, labour and energy supply challenges, exchange rate pressures and regulatory uncertainty in the resources sector is likely to continue having a cooling effect on inbound foreign direct investment in the near term.

The South African legal system is a mixed or hybrid, and uncodified system based on a legacy of RomanDutch common law, as influenced by English law. Statute and judicial precedent constantly develop upon, alter, and update this common law base. Alongside the civil law there exists a rich tapestry of customary law based on the cultures, beliefs and traditions of the South...

Chapter | Legal Framework from The Report: South Africa 2016

OBG introduces the reader to the different aspects of the legal system in South Africa, in partnership with Cliffe Dekker Hofmeyr. OBG talks to Brent Williams, CEO, Cliffe Dekker Hofmeyr, on South Africa’s evolving legal and business environment.

The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.

 

The country’s vision for nuclear power in the energy sector is to develop an energy economy that will ensure a secure and reliable supply of high-quality energy for all segments of the economy in a universally accessible and an environmentally sustainable manner. In order to diversify the national energy mix and to promote renewable energy...

 

The country operates a legal system that is premised on English common law. The laws of Ghana are composed of: the Constitution; statutes enacted by Parliament; orders, rules and regulations made by any person or authority with power conferred under the Constitution; the existing law; and Common Law, which is defined as the rules of law...

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