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The Companies Amendment Bill, 2018 (the Bill) was published for public comment on 21 September 2018. Although there is no proposed timeline for the implementation of the Bill, it is important to consider the impact that the proposed amendments will have on corporate governance. The Bill seeks to reduce the amount of red tape […]
The Broad-Based Black Economic Empowerment Commission (the Commission) was established under section 13B of the Broad Based Black Economic Empowerment Act 53 of 2003, as amended (the B-BBEE Act) with effect from 24 October 2014. The Commission is empowered to investigate any matter concerning broad-based black economic empowerment (B-BBEE) and is required to keep […]
Over the past 6 years there have been a multitude of Commissions of Inquiry (‘COI’) convened to inquire into various scandals. COI’s steal the limelight and are almost inescapable in the news. We need to reflect, however, on what purpose a COI serves other than to keep the news interesting. It is, after all, tax payer’s money […]
The Construction Industry Development Board (CIDB) has implemented a new Standard for Minimum Requirements for engaging Contractors and Subcontractors on Construction Works Contracts (‘the Standard’). The Standard was published in the Government Gazette on 9 November 2018 and is now in effect. The Standard establishes minimum requirements in the appointment of principal contractors and subcontractors on construction works […]
