Corporate law south africa

  • What is the commercial law in South Africa?

    Welcome to Commercial Law
    Commercial Law is the body of law which regulates and develops the business world – contracts, companies, partnerships, insolvency, labour law, tax law, shipping law, competition law and so on..

  • Commercial law in South Africa is vast and multifaceted.
    It serves as the guiding force behind the smooth functioning of businesses, ensuring that they operate ethically and within the bounds of the law.
The aim of this course is to equip participants, who aspire to enter the Chartered Governance Professional level granted by the Chartered Governance Institute   Course OutcomesCourse Content

History

Before the Industrial Revolution, companies were a relatively rare business form. Until 1844, there was no comprehensive legislation governing compani…

Types of companies

The types of companies provided for and regulated by the new Act are set out in sections 8 and 11(3)(c). Broadly speaking, they comprise exter…

Sole proprietorships

A sole proprietorship is a single-owner enterprise. Its owner must be a living natural person, but need not have legal capacity. There are certain res…

Partnerships

A partnership is a relationship between people, arising out of an agreement. Cohabiting couples, partners in crime and attorneys supply examples of t…

What is South African company law?

The current framework of South African company law is built on foundations, which were put in place in Victorian England in the middle of the nineteenth century

Since the introduction of the 1926 Companies Act there has been only one significant review of company law, which was initiated in 1963 and culminated in the Companies Act, 1973

Will South African company law be reformed?

The reform of South African Company law will involve an overall review of company law, that is the Companies Act, 1973, the Close Corporations bet, 1984, and the common law relating to these corporate entities

The review will not include partnership law


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