On December 15 2015, President Jacob Zuma assented to the controversial Protection of Investment Act when much of the South African public was on a festive holiday break. This piece of legislation is meant to replace the bilateral investment treaties that SA terminated in 2012, resulting in consternation and outcry from the international investment community based in the country. Zuma’s approval of the act brought the policy debate about the termination of these treaties one step closer. On December 30 2016, Trade and Industry Minister Rob Davies published the long-awaited investment regulations that will bring the act into force. Regulations lie within the purview of the Department of Trade and Industry and are not subject to a parliamentary process, so Davies is empowered to exercise his discretion on what to include in or exclude from the regulations. These regulations have been published for public comment, open until the end of January. All investors should seek to understand w...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now