Legal Articles and Guides
Daybreak Farms CEO supended
Daybreak Farms, which is wholly owned by government workers through the Public Investment Corporation (PIC), has suspended its CEO, Matshela Seshibe, over procurement-related issues, reports the Sunday Times.
Spar’s former CEO steps down amid fraud allegations
Retail group Spar announced on Friday that former CEO Graham O'Conner was stepping down as chairperson so that it can better deal with all claims being made against it, reports Fin24.
Jooste to get his day in court
A German court last night confirmed that the accounting fraud trial of former Markus Jooste will start early next year.
Old Mutual to launch new bank in 2024
Old Mutual has announced it has received approval from the SARB’s Prudential Authority (PA) to apply for a banking licence, with plans to launch its own bank in 2024.
Feud over trust shares splits SCA ruling
The battle involving the family of late fishing tycoon Peter ‘Padda’ Kuttel over the sale of the family trust’s shares to a company controlled indirectly by two of his three feuding sons has ended with the SCA issuing a split judgment on the matter.
'Skinny jeans' scandal directors resign en masse
The company behind the R500 000 Tembisa Hospital skinny jeans scandal has a new owner – a man who is now the controlling hand of 54 entities red-flagged by Babita Deokaran before her assassination.
Bain mulls next move after SA ban
Bain & Company has said it is weighing its options on the government’s decision to ban it from tendering for public sector contracts for the next 10 years.
Ruling on delinquent director welcomed
The Gauteng High Court (Johannesburg) recently declared Farzeen Bhana – a director of non-profit company Breadline Africa – dishonest and therefore delinquent.
Judge orders settlement in 13-year family dispute
Western Cape High Court Judge Mas-Udah Pangarker has ordered a settlement in a 13-year-old dispute between an estranged brother and sister, Deborah Heinrich and Charles de Cerff, over shares in a Cape Town company.
Rupert won’t be ‘blackmailed’ by shareholder
Richemont chairman Johann Rupert won't give in to activist shareholder Bluebell Capital Partners' campaign to overhaul the boardroom structure at the world's second biggest luxury group, reports Fin24.
Golf estate under fire over disclosure certificates
The Links Gold Club and St Francis Links are preparing to defend themselves against the Companies and Intellectual Property Commission (CIPC) over their disclosure certificates.
Mazars takes over Oceana auditing from PwC
Fishing group Oceana has engaged global audit firm Mazars to take over, nearly two months after soured relations with PwC resulted in it unexpectedly quitting at the end of May.
Vodacom to create separate legal entity
Vodacom Group yesterday said it is establishing a separate legal entity for its SA tower business, after the group reported a 5.2% rise in first quarter revenue, helped by growth in its domestic operations.
Richemont considers changes to share structure
The share structure of Richemont that gives chair SA billionaire Johann Rupert half the voting rights, is in the spotlight after Bluebell Capital Partners, a European focused activist fund, asked for changes to the board, reports BusinessLIVE.
Distell takeover review application dismissed
The Western Cape High Court has dismissed an application by Cayman Islands-registered Sand Grove Capital Management to review the shareholder meeting that approved Heinken’s acquisition of Distell.
