Legal Articles and Guides

The current Covid-19 Pandemic has definitely required a new approach to business by various institutions.  Life has seasons, and as a business owner, one must remain innovative and always think of possible financial options for one’s future.

Former executives of Dimension Data violated the law when they oversaw the sale of the company’s head office without adequate conflict of interest disclosures, its CEO Werner Kapp said.

When company directors are locked in dispute, one of them may be tempted to cut off the other’s access to emails and to the business server – a tactic likely to have immediate and serious consequences for the director thus cut off.

An international campaign was launched in Johannesburg yesterday to bring the self-exiled Gupta brothers back to SA to face trial on charges of looting billions of rands from state institutions. The campaign plans to publish what it calls an 'Orange Book', listing all the organisations and persons that have been involved in state capture.

The Public Investment Corporation (PIC) has indicated its displeasure with AYO Technology Solutions’ decision to issue a whopping dividend despite swinging into a loss, saying the dividend payments ‘will be subject to legal review’, notes a Daily Maverick report.

Barely a week after a mystery ‘white knight’ offered creditors $4m (R64m) to bail out investors in the failed Africrypt scheme, another mystery investor has appeared with a better offer of $5m (R80m), equivalent to 65 cents in the rand.

A former staff member of AYO Technology Solutions has blown the whistle on his former employer, claiming in declarations to the JSE and the Financial Sector Conduct Authority (FSCA) that some aspects of the company’s 2021 interim financial statements were inaccurate.

Ster-Kinekor’s road to recovery from the financial fallout of the Covid-19 pandemic has seen a slight delay as business rescue practitioner, Steyn Smyth, requested the deadline for the publication of its business rescue plan be extended to January.

Foreign diplomats can go back to splurging on duty-free liquor and cigarettes after the Gauteng High Court (Pretoria) ruled against attempts by the government to curb what it said was abuse of the diplomatic privilege.

The SABC has again called on Parliament to scrap the TV licence fees system and replace it with a levy.

Disgraced former Steinhoff boss Marcus Jooste alleges that there might have been ‘tampering’ with a screenshot of an SMS that formed the basis of the finding that he engaged in insider trading.

Naspers-owned Takealot’s dominance and popularity as an online site was highlighted at the Competition Commission inquiry as unhappy suppliers gave scathing reports about dealing with the retailer.

A national register meant to stop suppliers found guilty of criminal offences from doing business with the government has no names on it, according to a report by Corruption Watch.

The Bellville Commercial Crime Court has postponed the case against Colin Davids, the pastor accused of running a multimillion-rand Ponzi scheme, to 29 November.

Former Health Minister Dr Zweli Mkhize said the Ithala Development Finance Corporation Bank loan granted to his wife Dr May Mkhize in 2006 was within the parameters of the law and was being serviced until 2026.