Legal Articles and Guides
Developer forced into share sale agreement
Michael Georgiou, a non-executive director at JSE-listed Accelerate Property Fund, was forced into a share sale earlier this month which saw 107m shares in the group disposed of.
Binance fights minority partner in SA court
Binance Digital Ltd – the world’s largest cryptocurrency exchange in terms of daily trading volumes – has been hauled to court in SA to thwart its attempt to force a business partner into arbitration which would keep its business conduct out of public attention, says a Daily Maverick report.
Telkom shareholders approve Swiftnet sale
Telkom shareholders have approved a deal that will see SA’s largest fixed line operator selling its masts and towers portfolio.
Steinhoff executive jailed in Germany
A former business associate of the late Steinhoff boss Markus Jooste has been sentenced to six years in jail in Germany on 20 counts of tax evasion.
Thebe Investment addresses Shell exit
Thebe Investment Corporation yesterday said it pulled out of its involvement with Shell two years, ago but there is a dispute between the parties about the value of shares sold back to the petroleum giant.
Grave concerns over Shell’s planned departure
Chairperson of the Portfolio Committee on Mineral Resources & Energy, Sahlulele Luzipo, yesterday said Shell’s decision to divest from SA is a matter of concern and is not ideal as it comes at the end of their term.
Bid to deny fees to business rescuer fails
Business rescue practitioner (BRP) Herman Bester has successfully defended a court bid to forfeit his fees. The Western Cape High Court found that there was no basis for the claims of gross negligence.
Real estate agents in BEE cross-hairs
More than 40% of the country’s real estate agencies and nearly half of the 40 000 registered real estate agents’ operations could be disrupted due to the government’s latest BEE requirements that it is enforcing on the private sector.
Franchise code punts alternative dispute resolutions
While the franchise sector has the advantage of using an established model backed by a record of success, it has faced a series of setbacks, with load shedding, increased fuel prices and interest rates, a weaker rand and Covid-19 all taking their toll.
RCL reveals plan to unbundle Rainbow Chicken
RCL Foods, which is controlled by Johann Rupert’s Remgro, has taken its first specific steps to unbundle its Rainbow Chicken division, flagging a plan to list it separately, reports Fin24.
'Fake qualifications’ boss throws in the towel
Langalezwe Madonko, the central figure in a fake qualification controversy at private equity company Summit Africa, has resigned from his senior position at a black industry body, reports Fin24.
Another twist in the ‘Please Call Me’ saga
If Nkosana Makate invented the Please Call Me service, the subject of the ongoing 15-year-old court case between him and Vodacom, where is his patent? Or even his application for one?
SA company wins R8bn platinum mine fight
The Gauteng High Court (Pretoria) has thwarted attempts by a Chinese-owned company to claim mineral rights in Limpopo worth billions of rands.
Sekunjalo accounts will remain open
In what The Star calls an undertaking that ‘popped out of the woodwork at 4pm’ in the Western Cape High Court yesterday, lawyers for Standard Bank said the bank accounts of the Sekunjalo Group of companies would remain open even if an interim interdict against the bank was not upheld.
Car dealership cybercrime appeal upheld
Cybercrime was once again the topic of a legal wrangle, this time between two car sale companies, with the one who bought two bakkies from the other, only to discover after delivery of the vehicles that cybercriminals had intercepted the electronic payment made for the vehicles.
