On 27 March 2020, we reported on a notice published by the B-BBEE Commission, permitting stakeholders to register major B-BBEE transactions and/or submit an annual B-BBEE ...
Amid a sluggish global economy left in the wake of COVID-19, mergers and acquisitions (M&A) may be an important catalyst to help kick-start the economy.
Clyde & Co
On 11 March 2020, the World Health Organisation declared COVID-19 to be a pandemic.
Amongst growing labour and financial concerns, commercial enterprises are also faced with the added exertion of ensuring that they perform the necessary due diligence in respect of their transactions and the establishment of business relations.
Over the last few days, we have been inundated with information. This, of course, fuelled by panic in the absence of vetting sources of information, we have been exposed to a flood of advice and information.
Parties enter into contracts on a daily basis. More often than not, we encounter a situation in which one party exercises dominance over the drafting of a contract.
On 15 March 2020, South African President Ramaphosa announced the declaration of a national state of disaster, as a result of the recent events surrounding the rise in Coronavirus infections...
Section 22(1) of the Companies Act 71 of 2008 ("the Companies Act") makes provision for holding directors personally liable for the debts of their company,...
The Companies and Intellectual Property Commission reported that between 2011 and 2018, a total of 2 867 South African companies initiated business rescue proceedings in terms of Chapter 6 ...
Section 33(1) of the Companies Act 71 of 2008 (as amended) ("Companies Act"), states that every company must file an Annual Return. The Companies and Intellectual Property Commission's...
In the last two months the Competition Commission has lost three cartel cases before the Competition Tribunal.
It is fairly common for a subsidiary company to hold shares in its holding company, colloquially referred to as treasury shares.
Often directors of companies that face financial difficulties have questions which they are too reluctant or embarrassed to ask. As a consequence, Rome is left to burn while the Roman...
Two court options come into play.
On 6 December 2019, the Kenyan Competition (General) Rules, 2019 (General Rules), containing the Merger Threshold Guidelines (Threshold Guidelines) and a new merger notification form.
As of 9 January 2019, and estimated 402 141 students were enrolled in the 1966 independent schools scattered throughout South Africa.
EVA Financial Solutions
Passion is not a substitute for experience.
Notably 2019 has been one of the most challenging years for many of us. For others though, it has been the best year yet. Be that as it may, this year has in our view,...
In our recent newsflash we commented on the new deduction limits for investors in venture capital companies (VCCs), as included in the Taxation Laws Amendment Bill (TLAB) released on 30 October 2019
Cliffe Dekker Hofmeyr
Under section 24C of the Income Tax Act 58 of 1962, if a taxpayer receives income under a contract in a tax year.