Government wants to expropriate land for new gas plan
The Department of Electricity and Energy has unveiled its plans for South Africa’s new Gas Bill, which includes a proposal allowing the minister to expropriate land for gas facilities. Any expropriation must be done for a public purpose or in the interest of the public and in consultation with the minister responsible for the administration […]
National Treasury and Reserve Bank want to expropriate cryptocurrency in South Africa
South Africa’s National Treasury has published draft Capital Flow Management Regulations that would update the country’s Apartheid-era exchange control rules to crack down on people with cryptocurrency. Carel van Wyk, an industry leader, said Treasury had not given nearly enough time for public comment, while an advocacy group warned that the proposed rules raise “serious […]