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.

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