INDUSTRY NEWS: NEW COMPETITION LAW THREATENS ERRANT DIRECTORS WITH 10 YEAR JAIL TERM

Directors found guilty of anti-competitive behaviour could face up to 10 years in prison, warns Jean Meijer, competition lawyer at commercial law firm Bowman Gilfillan. “These are among several profound implications to emerge from the new Competition Bill.” Meijer says that the Bill creates criminal liability for price fixing, market division and collusive tendering. Thus:…

GLOBAL NEWS: NEWS FROM KENYA

POST ELECTION VIOLENCE AND THE KENYAN PRACTITIONER The 2007 post election violence that rocked the country during December 2007 and most of January 2008 saw the destruction of many businesses and a mass exodus of people, resulting in a huge number of individuals being displaced. The signing of the peace accord by the government and…

STRAIGHT SHOOTING: Professional Development Update

Quality is key in the rigorous process of qualifying as a South African Chartered Accountant. All steps in the qualification process from the undergraduate and postgraduate degrees through to the standard setting Part I examination, the training programme and eventual assessment of professional competence are specifically designed to promote and embrace the standards relating to…