When can directors be personally liable in South Africa? Learn the key duties and risks under the Companies Act 71 of 2008. A guide for business owners.
Running a company in South Africa comes with big responsibilities, especially for directors. Many business owners and executives often ask: when can a director be held personally liable for company conduct under the Companies Act 71 of 2008? The Act sets clear expectations for directors and outlines circumstances where they can be held personally accountable. […]
Can South African businesses accept crypto payments? Learn the risks, benefits, and legal framework under SARB and the Companies Act
Cryptocurrency is changing the way businesses think about payments. But in South Africa, crypto sits in a grey legal space. It’s not recognised as legal tender, nor is it part of the National Payment System (NPS) regulated by the South African Reserve Bank (SARB). So, can your business accept crypto like Bitcoin or Ethereum as […]
Can Shareholders Remove a Director Without Giving Reasons in South Africa?
If you’re running a company in South Africa, you might be asking: do shareholders need to give reasons before removing a director from the board? A recent High Court case, Weir v Wiehahn Formwork Solutions (Pty) Ltd, has given a clear answer. The Short Answer ✅ Shareholders can remove a director without providing reasons.🚫 Directors […]
How to Transfer Property in Bloemfontein: A Step-by-Step Guide
Buying or selling property is one of the most important financial transactions you will ever undertake. In South Africa, the process is highly regulated and requires the assistance of an attorney who is admitted as a conveyancer. At Mayet & Associates Attorneys, we guide our clients in Bloemfontein through every stage of the transfer process […]