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Many South Africans spend a large part of December and January on leave celebrating the holidays with friends and family.
The latest King (IV) Report on Corporate Governance for SA, 2016 (King IV) refers to certain “paradigm shifts in the corporate world”, including a shift from short-term capital markets to long-term, more sustainable capital markets. By popular demand, the King IV Report has been drafted to make it more easily applicable to all types of organisations, be they public or private, large or small, for- profit or not-for-profit.
a company goes into liquidation claims must be lodged and proved within three months as from the conclusion of the second meeting of creditors of the insolvent company.
The Consumer Protection Act, particularly Section 61, gives consumers positive benefits by imposing strict liability upon a producer, importer, distributor or retailer of goods for any harm caused thereby. But the liability does not extend to a supplier of goods.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?