Is my transaction subject to the takeover regulations?
Securities in companies are transferred daily, including transfers of shares in so-called “shelf companies”. When parties enter into a transaction, it is important to be...
Tag: State-owned Companies (SOC)
State Capture Inquiry Regulations amended
The Regulations of the Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector Including Organs of State have been amended.
The presidency published Proclamation 24 in Government Gazette 43563.
The Inquiry’s Terms of…
Provided By Sabinet
Drafting share subscription agreements – Important considerations
Especially in smaller and medium companies, the issuance of shares is often done haphazardly without due regard to proper process or possible consequences.
I’m sure you...
Special Appropriation Bill for Eskom on track
The Special Appropriation Bill to make available additional funding for Eskom will be tabled on 23 July 2019.
The finance minister, Tito Mboweni announced this during national treasury’s 2019 Budget Vote Speech in parliament.
He confirmed that Eskom presented…
Provided By Sabinet
The door is open for state-owned banks
In 2018 we saw the release of the Financial Matters Amendment Bill (“FMAB”), and amongst the various proposed amendments of the FMAB, the amendments that...
CIPC Guideline for Corporate Compliance Programme: Managing the risk of corruption
Topically, in light of the ongoing reports of corruption which dominate the headlines, seemingly on a daily basis, the Companies and Intellectual Properties Commission has...
Can directors of state-owned companies be held to account by the SA public?
South African President Ramaphosa admitted in his state of the nation address that state-owned enterprises “are experiencing severe financial operation and governance challenges”. He continued...
A brighter future for South Africa powered by liquefied natural gas?
On 4 October 2016 the Department of Energy (DoE) released its Preliminary Information Memorandum (PIM) on its Independent Power Producer Procurement Programme (IPPP) for Liquefied Natural...
