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 • 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 • A breach of contract occurs when one party fails to perform an obligation without lawful excuse, and South African law treats agreements as binding under the principle of pacta sunt servanda. • To succeed with a claim, a business needs a valid...
Estimated Reading Time: 8 minutes Key Takeaways • Commercial agreements function as strategic instruments that accelerate business growth when structured around company objectives. • Aligning contract terms with financial projections and operational capabilities...
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...
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