Raghemah Hendricks

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Sustainable Finance: New Markets for Islamic Finance

By Raghemah Hendricks on March 27, 2023 Posted in Finance

This blog was co-authored by Kristin January, Trainee Associate Islamic finance has shown to be systemically important in many jurisdictions and is growing in the wider regions of the Middle East, Asia and Africa. Recent discussions focusing around the favourable prospects of green Sukuk are another growth driver for Islamic Finance. COP-27 highlighted the massive … Continue reading

Introduction to Islamic finance – a series

By Raghemah Hendricks on June 10, 2021 Posted in Finance

Attempting to define Islamic financing is not always easy. Put simply, Islamic finance is a way of doing financial transactions and banking while respecting Islamic Law (Shari’ah). The underpinning principles of Shari’ah are based on social vision of public interest, equity, justice and fairness. Shari’ah gives guidance as to what is, and what is not … Continue reading

New CIPC recommendation: Disclose your company’s solvency and liquidity tests in your AFS

By Raghemah Hendricks on May 5, 2021 Posted in General

A trend has arisen, which has not gone unnoticed by the CIPC, where companies are failing to conduct the solvency and liquidity test in accordance with section 4 of the Companies Act, 2008, for instance when declaring a dividend. A failure to do so can have personal consequences for directors. The CIPC reviews annual financial … Continue reading

Update to Disaster Management Regulations (16 April 2020)

By Jackie Midlane and Raghemah Hendricks on April 17, 2020 Posted in General

The lockdown period has been extended to 30 April 2020. The Disaster Management Regulations related to COVID-19 therefore still apply, with some changes. The changes aim to manage the remainder of the lockdown and to enable a phased and controlled return to normal economic and social activity. Here are the main takeaways from the amended … Continue reading

Energy update from the Minister of Energy

By Jackie Midlane and Raghemah Hendricks on March 26, 2019 Posted in General

The Minister today committed government to a collaborative approach with the private sector in dealing with the current energy crisis in South Africa. At the DLO Africa Power Roundtable Conference today (26 March 2019), the Minister spoke positively about the imminent release of the final Integrated Resource Plan (IRP), the unbundling of Eskom and long-term … Continue reading

Judicial deference gives way to irrationality

By Raghemah Hendricks on October 24, 2016 Posted in General

Courts will not lightly overturn decisions of administrators. This is judicial deference. But deference gives way to irrationality. An irrational decision will be set aside, even if the court finds that it does not have the expertise to make the decision itself. In that case, the decision is remitted back to the decision-maker to decide … Continue reading

Crossing borders to procure coal – Coal Baseload IPP Procurement Programme

By Jackie Midlane, Malibuye Cossie (ZA) and Raghemah Hendricks on April 26, 2016 Posted in General

On Wednesday, 20 April 2016 the Minister of Energy issued a determination setting out what bidders can expect to see in the request for proposal under the coal baseload cross border independent power producer procurement programme. The determination provides that: 3750 MW has been allocated to the cross border programme, which is an increase from … Continue reading