Share restructure adds new dimension to business growth
A share restructure usually requires approval &om 75 percent of its shareholders.
The Mining Charter and BEE – step-by-step process
The Mining Charter, published in August 2014, required all mining companies to achieve 26% black ownership within 10 years.
Interest rates have a significant effect on legal claims
In South Africa, the price of electricity, water, fuel and money is regulated. In recent tlllles, the price of money, in the form of Interest rates,has been set relatively low by the SA Reserve Bank. This, In turn, has resulted In lower lending rates from commercial banks.
Can the state invoke a defence of No Budget No Pay
Can the state Invoke a defence of “No Budget No Pay” to a service provider’s claim? A recent Supreme Court of Appeal (SCA) decision addressed this question.
Ensure the way you set up a firm serves your interests
Establishing a private Ecompany in South Africa has never been easier, what with an entire industry committed to new company registrations.
Be aware of the red tape that can cause costly delays
To provide jobs for the unemployed, the economy needs to grow. Investment in the construction, mining or agricultural sectors could provide a boost and attract much-needed foreign investment.
Promoting good governance of community schemes
The Community Schemes Ombud Service Act, 9 of 2011 was passed by Parliament in 2011. It will come into force on a date to be determined by the President once the Regulations have been published. The Act will potentially bring about a change in the manner in which community schemes are managed in South Africa.
Host of legal requirements when selling goods online
There has been a steady move to market goods and services online. Befire establishing an online presence, retailers should consider the laws regulating electronic transactions, consumer rights and data pretection to ensure that they are not exposed to unnecessary risks. Three key pieces of legislation that regulate online sales are the Electronic Communications and Transactions […]
BEE offers many roads to business ownership
For businesses that want to maintain and improve BEE rating under the general codes of good practice, securing black ownership is the key. One of the objectives of the Broad-Based Black Economic Empowerment Act is to facilitate a change in the racial composition of business ownership. In line with this, ownership holds the second-highest weighting […]
Amendments to tackle late payments by employers
The proposed amendments to the Regulations of the Construction Industry Development Board Act should have significant consequences for the construction sector. One of the stated aims of the regulations is to deal with late payment by employers resulting in the potential for contractors and subcontractors to "fund" the employer's contruction project. Main contractors usually insert […]