Legal Articles and Guides
Futuregrowth warns of long battle over Acsa listing
Futuregrowth asset management has warned that the Airports Company SA (Acsa) could be headed for a long legal clash with its minority shareholders after the government reneged on its promise to privatise and list the airports operator.
Absa challenge about directors' independence
Axed Absa board member Sipho Pityana wants the bank to take him back or compensate him. Absa dismissed Pityana from its board in November 2021, which he is challenging in court.
Ex-Tongaat Hulett bosses get bail in R1.5bn fraud case
Former Tongaat Hulett CEO Peter Staude and six others, some ex-directors – charged in a R1.5bn fraud case involving the sugar producer – have been granted R30 000 bail each.
The start-up starter-pack
You are tired of the nine-to-five, but you have a great business idea. You decide that you are resigning first thing Monday morning to spend the next month getting your ducks in a row to start your cash cow, but you have no idea where to start? That is where most people start. If you do not know where to begin, read this post.
Guptas lose bid to block business rescue practitioners
The business rescue practitioners (BRPs) of Optimum Coal scored a High Court win over a Gupta bid to delay a creditors meeting that is aimed at pushing through a debt-to-equity takeover of the business.
No legal basis to Moyo’s R250m claim
Old Mutual hit out at its former CEO, Peter Moyo, ahead of a hearing in the Gauteng High Court in which the group’s former boss is seeking both reinstatement and R250m in damages from the company.
Tongaat Hulett files R450m lawsuit against former execs
Tongaat Hulett has filed a R450m civil claim against some of its former executives and is also seeking a order declaring them delinquent directors, reports Fin24.
Zuma’s ConCourt defiance unpacked at Moyo hearing
Old Mutual's legal team has rejected Dali Mpofu calls for the insurer's board members should be jailed. As previously reported, Moyo has applied to have directors (including chairperson Trevor Manuel) declared delinquents for alleged negligence and wilful misconduct.
Moyo asks court to jail Old Mutual directors
Almost 16 months since Old Mutual sought to end an acrimonious legal battle with Peter Moyo, the saga refuses to go away, reports BusinessLIVE.
Judge gives reasons for Steinhoff liquidation approval
Western Cape High Court Judge Hayley Slingers has given reasons for her ruling that Steinhoff meets the definition of a company that can be liquidated under SA law despite being registered in the Netherlands.
Steinhoff warns liquidation case could backfire
Steinhoff has argued that letting a High Court decision that the case to liquidate it be heard in SA stand will create a precedent that could backfire and damage relationships with foreign courts.
Push for law to unleash business start-ups
Start-up players in SA recently released findings as part of a proposal to create a start-up law, calling on government for legislation to enable local tech-backed businesses to scale faster and compete globally without having to go offshore.
Ruling clears path for Steinhoff liquidation bid
The former owners of Tekkie Town can proceed with their liquidation application against Steinhoff International, after the Western Cape High Court dismissed the intervention application of two parties and confirmed that the local courts have jurisdiction to hear the case.
Scathing ruling finds Barnabas Xulu 'flouted the law'
Attorney Barnabas Xulu will have to pay back more than R20m in legal fees unlawfully paid to his firm, following a scathing High Court ruling that found the lawyer for Western Cape Judge President John Hlophe had ‘flouted the law’.
