Key Takeaways • A full sale isn’t the only way to realise value from a business. Preference shares let an owner extract value or bring in investor capital while retaining ordinary equity and operational control. • Section 8E of the Income Tax Act 58 of 1962 can...
Key Takeaways • The Companies Act 71 of 2008 sets a compliance floor that applies to every registered company, but professional bodies layer separate, sector-specific obligations on top of it. • These additional obligations often attach personally to an individual,...
Key Takeaways • A spouse married in a community of property cannot legally sign surety, a common requirement for business finance, without the other spouse’s written consent under the Matrimonial Property Act 88 of 1984. • An exception exists for suretyships...
Key Takeaways • Signing a valid Will is only half the job. The Master of the High Court needs the original document, not a copy, before your estate can be administered as you intended. • If the original can’t be located, your family may have to apply to court...
Key Takeaways • An Executor is the person legally responsible for winding up your estate, and South African law lets you nominate anyone you choose in your Last Will and Testament. • If you don’t nominate a suitable Executor, or the person you name can’t...
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