“Your Time is Up”
Introduction The Companies Act, 71 of 2008 (the “Act”) places a fiduciary duty on all company directors. Therefore, directors are responsible for acting in good faith, exercising reasonable care, skill and diligence and working in the company’s best...
Business Rescue Bailout in South Africa
South Africa is still recovering from the Covid-19 pandemic, the looting and the most recent floods in KwaZulu Natal. So, how will South Africa’s economy recover, if ever? The pandemic and all the other “crises” have left businesses in significant...
The Protection of Minority Shareholders
Rights of the minority shareholders require a great degree of protection, and is enshringed in the Shareholders Agreement of the company. Minority shareholders find protection in the provisions contained in the Companies Act, as well as through ensuring that the...
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