For further information please contact: Werksmans Attorneys Werksmans Chambers, 22 Girton Road, Parktown, Johannesburg 2193 or P.O. Box 927, Johannesburg 2000 South Africa Enquiries: Mr Charles Butler Telephone 27 (011) 488-0000 Telefax 27 (011) 484-3100/3200 E-Mail Address cbutler@werksmans.co.za
ARTICLE
9 April 1996
Part 4.3 - Establishing A Business - Shareholders & Directors In South Africa
For a private company, the minimum number of shareholders and directors is one (the sole shareholder may also be the sole director), while a public company must have at least seven shareholders (unless it is a wholly-owned subsidiary of another company) and two directors. No residence or nationality restrictions apply to either shareholders or directors.