Legal Articles and Guides
MTI investors want liquidators removed
Lawyers representing some of the Mirror Trading International (MTI) investors questioned the accuracy of figures provided by the liquidators as the matter unfolded in the Western Cape High Court, reports Moneyweb.
Ayo dividends approach R1bn as its ‘cash-pile’ dwindles
Ayo Technology has declared an interim dividend of 35c per share, despite the group reporting a headline loss of R122m (35.9c per share) on revenue of R859m in the six months to 28 February.
R53bn in claims lodged over Steinhoff fraud
Steinhoff on Friday said it has received more than 43 000 claims from investors, such as pension and investment funds, which held the stock that was punished in the wake of SA’s biggest accounting fraud.
Ruling a warning against business rescue abuse
The recent judgment of the Gauteng High Court (Pretoria) in Commissioner for SARS v Louis Pasteur Investments (Pty) & Others highlights issues relevant to the abuse of the business rescue procedure.
Dis-chem probes massive data breach
Dis-Chem has confirmed an investigation into a data breach of 3.6m people’s personal information. An EWN report notes that the company confirmed that ‘no identification numbers, medical, financial or banking information was contained in this database’.
Clicks pharmacy battle heads to Constitutional Court
The legal battle between the Independent Community Pharmacy Association (ICPA) and Clicks on pharmacy ownership and patient rights is heading to the Constitutional Court.
EFF vows legal action to stop sale of SAA to consortium
EFF leader Julius Malema says his party is consulting its lawyers to urgently stop the sale of SAA to Takatso Consortium – a politically-connected group linked to ‘white capitalists’ in SA.
Myeni linked to Zuma foundation pay outs
Former SAA boss Dudu Myeni received more than R600 000 in less than a year from donations made to the Jacob Zuma Foundation, which has been under her full control for years.
Sibanye CEO defends R300m package
The CEO of mining giant Sibanye-Stillwater, Neal Froneman, has defended his R300m remuneration for the 2021 financial year and said the company will not be bullied into unsustainable wage demands at its gold mines.
Dirco loses appeal bid over Cuban donation interdict
Government has lost a bid to appeal a ruling granting AfriForum permission to interdict it from donating R50m to Cuba.
Giant SA flag to cost R22m
The Department of Sports, Arts & Culture is planning to install a flag that is more than 100 metres in height – at a cost of R22m.
AfriForum wants to take on Sharemax R4.6bn deal
AfriForum’s private prosecution unit has its sights on the NPA for its lack of action in the protracted Sharemax debacle in which mainly older investors lost billions of rands in the property syndication.
Ster-Kinekor’s business rescue plans bears fruit
Ster-Kinekor observed an increase in cinema attendance during March and April, which was aided by the re-opening of more screening locations, increased trading time and the release of must-see titles.
'Construction Mafia' incidents declining
There has been a significant reduction in disruption of construction projects incidents by the so-called ‘Construction Mafia’, according to a Moneyweb report.
Prasa to challenge CEO's reinstatement in Labour Court
Despite an arbitration ruling ordering that he get his job back, the board of the Passenger Rail Agency of SA (Prasa) has decided against reinstating its former CEO Zolani Matthews.
