FANews
FANews
RELATED CATEGORIES

Black Economic Empowerment – Amended Company Laws will stimulate Deal Activity

20 May 2008 Deneys Reitz

Historically, our company laws prohibited a company from providing financial assistance for the purchase of its own shares. This restriction was aimed at preserving the company’s capital and protecting the minority shareholders and creditors of the company. However, in recent years, it also had the effect of hampering the implementation of black economic empowerment in South Africa in that empowerment partners could not look to the company for financial assistance to take up shares in the company.

Click here to read more (PDF file 147kb)

 

Bookmark and Share
Quick Polls

QUESTION

Will government be able to implement compulsory third party insurance given the challenges that are present in the industry?

ANSWER

Yes
No
A E fanews magazine
FAnews November 2014 Edition Get the latest issue of FAnews

This month's headlines

Due diligence… an everyday job for advisers?
Guns and smiles
Demarcating the demarcation debate
Crime - a grim picture
Medical Funds tarrif increases for 2015
Subscribe now