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

Do you feel that advisers are soft targets at times that when clients aren’t happy with their product, they blame their adviser.

ANSWER

Yes. This is an increasing worry.
If advisers do their jobs properly, there is no danger of this.
Hopefully TCF and RDR will resolve this.
A E fanews magazine
FAnews November 2015 Get the latest issue of FAnews

This month's headlines

How to raise above the competition
Warranties: beware of booby traps
Drown out the noise and don’t let regulations kill creativity
Longevity is real… are we innovative enough?
Medical Schemes average increases
Subscribe now