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

The SA motor industry has largely moved from a repair based to a replacement based industry. If a part or panel is damaged on the car, it will most likely be replaced before it is repaired.

ANSWER

Agree
Disagree
A E fanews magazine
FAnews October 2014 Edition Get the latest issue of FAnews

This month's headlines

To be or not to be? That is the independent question
Develop your advice model of the future
Apps - doing it for the industry?
Are we ready for the driverless car?
Clarifying RDR in the short-term space
Subscribe now