Corporate governance – different types of committees
Section 72 of the Companies Act No 71 of 2008 (“the Act”) stipulates that a company can elect to appoint any amount of director committees, and the board of directors can delegate any amount of the duties and responsibilities to these committees, except where the Memorandum of Incorporation for the company states otherwise. KING 111 […]
Thinking outside the box in your business
What does this term mean? It refers to the approach to a certain aspect, or in this case, your business. This term can also be clarified by referring to it as creative thinking, unconventional thinking or an approach from a new perspective. By thinking outside the box and questioning the norm, you will constantly be […]
Land Expropriation Bill: What it means for your landownership rights
During 2018, the African National Congress (ANC) announced its intention to drastically speed up the land reform process in South Africa when President Cyril Ramaphosa announced that he would be proposing changes to section 25 of the Constitution of the Republic of South Africa (“the Constitution”) to allow for the expropriation of land without compensation. […]
Moving out? What tenants need to do before moving out
We all know that moving can be stressful and time-consuming, but before you start packing your boxes, there are certain things that you need to keep in mind before move-in day. As stressful and time-consuming as moving might be, it can also be exciting as you are moving on to better and greater things. However, […]
Paternity leave for men
From January 2019, working South African men are entitled to 10 days of paternity leave after the birth of their child. The Labour Amendment Act also includes provisions for 10 weeks of parental adoption leave if the baby is under the age of two years (this applies to only one of the parents) and surrogacy […]
Ethics – a rare commodity
“A man without ethics is a wild beast loosed upon this world” – Albert Camus Based on the recent events in South Africa, ethics should be a buzzword you are quite familiar with. South Africa, specifically the audit industry, has been rocked by two major scandals in the recent past, which was both caused by […]
Electronic signing of documentation
The commercial world is currently moving to greater levels of digitisation. Organisations are implementing automated and electronic solutions in an effort to improve efficiency and better the environmental footprint at the same time. The move to digitisation and electronic signatures prompted questions surrounding the legality of these documents. This article aims to highlight certain legal […]
Korporatiewe beheer: aard van beslote korporasies en hul lede
Die Maatskappywet No 71 van 2008 (“die Maatskappywet”) hou belangrike gevolge vir beslote korporasies in. Daar kan onder andere geen inkorporasie van nuwe beslote korporasies kragtens die Wet op Beslote Korporasies ná die inwerkingtreding van die Maatskappywet (1 Mei 2011) plaasvind nie en geen maatskappy kan ná 1 Mei 2011 in ’n beslote korporasie omskep […]
The requirements and benefits of a sole mandate
What is a sole mandate? When homeowners decide to sell their property and have chosen an estate agent/agency to market their property, they will be asked to sign a sole mandate with the said estate agent/agency. A sole mandate is given to only one agency and no other. This is different from an open mandate, […]
What is the process of adoption?
Introduction The adoption process is regulated in South Africa by the Children’s Act 38 of 2005 (“the Act”). Adoption is one of the ways to help give abandoned minors a permanent or stable family life, which they would otherwise not have had. The Act provides that a child is adopted if the child has been placed in the […]