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Is it time to broaden the traditional concept that directors owe a duty to the company only?

There is an interdependency between companies and South African society, which mirrors the African concept of Botho, otherwise known as Ubuntu, which translates to “I am because you are; you are because we are.” Companies are an integral part of South African society…

Provided By Adams & Adams

by Cohen Grootboom

A marriage of for-profit and not for profit: An empowerment compliance dream? – Public Benefit Organisations

A Public Benefit Organisation (“PBO“) is defined in the Income Tax Act 58 of 1962 as amended (“ITA”) as a South African non-profit company or a trust which has the sole or principal object of carrying out one or more public benefit activities. A PBO enjoys various tax…

Provided By SchoemanLaw Inc

by Nicolene Schoeman-Louw

Draft Public Procurement Bill on track

The Draft Public Procurement Bill is on track. President Ramaphosa, during remarks at the SMME programme of the Second South Africa Investment Conference, announced that the...

by Sabinet

Further proposed changes to the generic B-BBEE Codes

The South African Broad-Based Black Economic Empowerment Act, 2003 (the “B-BBEE Act”) is the current framework regulating broad-based black economic empowerment (”B-BBEE”). The Revised B-BBEE...

by Leigh Lambrechts