Legal updates and opinions
Post Author
News / News
King V: South Africa’s Governance Evolution
by Eric Levenstein, Director and Head of Insolvency & Business Rescue and Helena Stoop, Senior Knowledge Lawyer
The official King V was launched on 31 October 2025. The project was spearheaded by the Institute of Directors in Southern Africa NPC (IoDSA) in its capacity as Secretariat for the King Committee and custodian of the King Reports on corporate governance in South Africa. It replaces the previous edition (‘King IV’) and will be effective for financial years beginning on or after 1 January 2026.
The fifth edition of the Code (‘King V’) follows the trend of previous editions and sets out the philosophy, principles, practices and outcomes which serve as the benchmark for corporate governance in South Africa. It was drafted to address both national and global developments, improve accessibility for all types of organisations, and promote the ongoing evolution of governance outcomes. Werksmans provides a bespoke and summarised overview of key components relevant to King V.
Download the King V Overview here.
Latest News
Proposed new interest deductibility limitation rules
By Robyn Armstrong, Director Interest payments are generally viewed as an ordinary business expense which are deductible in determining taxable [...]
Goal or yellow card – Inter Miami vs Inter Milan
By Donvay Wegierski, Director At the time of writing, events worldwide are being cancelled or postponed in an effort to [...]
Amendment to national minimum wage and sectoral determination minimum wages
By Jacques van Wyk, Director, Andre van Heerden, Senior Associate and Thabisa Yantolo, Candidate Attorney On 17 February 2020 the [...]
An employee’s duty to disclose information when applying for employment
By Jacques van Wyk, Director, Andre van Heerden, Senior Associate and Thabisa Yantolo, Candidate Attorney Issue Whether an employee who [...]
A brief retrospective on two cases about UIF and asylum seekers
By Dakalo Singo, Director Introduction The end of February 2020 marks the anniversary of an important court victory which confirmed [...]
South African Airways – Business rescue practitioners hold the reins
By Bradley Workman-Davies, Director The fate of South African Airways remains inscrutable, and recently there appears to have been some [...]
