Commercial law

RSS feed for this section

Crowdfunding in South Africa

Introduction In the digital age, everyone is more connected than ever before. This means that we all have access to an audience we have not previously been able to access. This is more so in the case of raising funds. Many Entrepreneurs have great ideas for businesses but require capital. Many now make use of […]

Read full story
Privacy Policy

Proposed Amendments to FICA – How will this impact you and me? A Commercial Lawyer’s perspective….

Introduction The Financial Intelligence Centre Act 38 of 2001 (hereinafter referred to as “FICA” or the “Act”) was legislated primarily to combat various unlawful activities, such as money laundering and other unlawful transactions. Essentially, FICA imposes an obligation on all Accountable Institutions to verify the identity/origin of the funds of persons they are entering into […]

Read full story
capacity

Key proposed amendments to the Companies Act

The South African Companies Amendment Bill (“the Bill”) was published on 21 September 2018. This marks the first amendments to the Companies Act No 71 of 2008 (“Companies Act”), since it came into effect. Some of the proposed amendments will soften difficult regulatory requirements and strengthen checks and balances. 1.    Amendments to Memorandum of Incorporation […]

Read full story
Contracts

Contracts: Key differences between options, preferences and rights of pre-emption

Introduction Common contractual clauses include those of Options, Preferences or Rights of Pre-Emptions. These are particularly common in contracts of sale as well as contracts of lease in some cases. While all these instruments have the effect of benefiting one of the parties to a contract, there are a number of key differences. All of […]

Read full story
SMMEs

The Small Enterprises Ombud Service Bill and How It Could Help SMMES

Introduction In May 2018 comments were officially received in response to the notification that Shadow Minister of Small Business Development, Mr. Roger William Chance, intends to introduce the Small Enterprises Ombud Service Bill (herein after ‘the Bill’).  The Bill, which has since been tabled before the National Assembly, seeks to address the need for Small, […]

Read full story