by Ben Pieters | Dec 12, 2022 | Uncategorized
By not following the prescribed procedure in cancelling a contract can land you in trouble. In the recent case of Datacentrix (Pty) Limited (“Datacentrix”) v O-Line (Pty) Limited (“O-Line”), the South African Supreme Court of Appeal (“SCA”) had to determine whether an...
by Ben Pieters | Nov 22, 2022 | Uncategorized
It’s not even the end of November 2022 and Eskom has run out of funds to buy diesel. To add injury to insult, it also has no intention to do so until 1 April 2023 – its new financial year – unless it obtains funds from the Government! What a complete...
by Ben Pieters | Jun 11, 2021 | Uncategorized, Fraud & corruption
If SA just spends and spends, then the young and successful people will increasingly leave and rather work elsewhere. They do not deserve the burden they will carry for enriching the few at the expense of the many. No more budgets to spend and taxes to collect South...
by Ben Pieters | Jul 25, 2020 | Uncategorized, Public Interest score
This article only deals with companies which have to use the public interest score (“PI Score”) per Regulation 28 of the Companies Act as amended to determine if an audit needs to be performed in respect of a financial year. Regulation 28(2): In addition to public...
by Ben Pieters | Jul 25, 2020 | Uncategorized
The Companies Act 2008 provides for individuals’ right of access to the records of a company, within limits: S26(1) a person who holds or has a beneficial interest in any securities issued by a profit company, or who is a member of a NPC, has a right to inspect and...
by Ben Pieters | Apr 12, 2020 | Uncategorized
The well-known “CNA” case brought by the CNA liquidators against John Newton, the financial director of CNA on the basis of alleged reckless trading, is still very relevant today, even though the case was decided under the 1973 Companies Act. Newton was...
