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 • 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...
Estimated reading time: 10 minutes Key Takeaways • South African contract law requires six essential elements: consensus, capacity, formalities, legality, possibility of performance, and certainty • Verbal contracts are legally binding in South Africa if they meet all...
Estimated reading time: 16 minutes Key Takeaways • The Companies Amendment Act 16 of 2024 and Companies Second Amendment Act 17 of 2024 introduce significant changes to director accountability and corporate governance requirements • Executive remuneration disclosure...
Estimated Reading Time: 7 minutes Key Takeaways • Poorly drafted commercial agreements cost South African businesses millions annually through legal disputes, operational delays, and lost opportunities • Common contract drafting mistakes include ambiguous terms,...
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