Legal updates and opinions

It is that magical time of the year where images are abound of Christmas trees, fairy lights, delicious pudding, family gatherings and all things warm and [...]

The on-going global financial crisis, recent confirmation by STATSSA that South Africa is in a technical recession and the globalization of business will result in South [...]

In these turbulent economic times, and particularly with overt pressure on the Rand and with the recent downgrade of South Africa to "junk status", directors of [...]

Continued pressure on business and world economies appears to continue into 2017. In South Africa, 2016 has seen several companies going out of business and with [...]

The downturn in world economies has placed business under severe pressure in the last few years. In South Africa, the knock-on effect has been felt, with [...]

Going under business rescue is proving to be an increasingly attractive option for South African companies that are in financial distress since the advent of Chapter [...]

Business rescue was introduced into our law in May 2011. But is it time for an overhaul? The business rescue legislation has been in place for [...]

In a recent judgement, of City Tshwane Metropolitan Municipality v PJ Mitchell (38/2015) (2015) ZASCA, the Supreme Court of Appeal ruled that a hypothec created by section 118(3) [...]

On 14 April 2016, the Supreme Court of Appeal (“SCA”) in the matter of Umso Construction Proprietary Limited (“Umso”) v MEC for Roads and Public Works Eastern [...]

INTRODUCTION   Corporate activism places public pressure on boards to improve both financial and non-financial performance of companies.  Non-financial performance would include corporate governance, ethics, executive [...]

Errant company directors who fail to comply with the obligations set out in the Companies Act, 2008, will now face the prospect of being declared “delinquent” [...]