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Filter: Commercial
When must a director disclose a financial interest?

08 February 2022

Being a director in a company does not necessarily stop you from holding shares in other companies. However, should your... company transact with another company in which you have a shareholding stake and from which you could potentially benefit, it becomes important that you disclose such financial interest to your co-directors, even if you can’t influence the transaction.

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482
Article
Which socio-economic contributions can be recognised for my BEE scorecard?

14 June 2021

Our company will no longer qualify as an automatic EME and we will have to undergo a formal BEE verification.... We have always tried to help our community with donations and allowing our staff to help with charities. Will this count towards our socio-economic development points?

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546
Article
The benefits of learnerships for your business

20 May 2021

I have been informed by a colleague that I may need to look at implementing learnerships to improve the BEE... level of my company. How do learnerships work and can they really provide such a benefit?

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457
Article
Phantom share schemes – a very real option for incentivising your key staff

20 May 2021

Our family owns a very successful agriculture company that has been built up over the years by our family. We... have a number of employees that have also shown their value to the business and we would like to retain and reward them by giving them shares in the business. However, we feel strongly about the family nature of our business and don’t want a large number of shareholders with accompanying shareholder rights we have to involve in every decision. Is this possible to achieve?

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576
Article
Skills Development remains a vital aspect in your BEE planning

16 April 2021

Our company falls under the Generic BEE Codes. As we are 51% Black-owned but under R50 million turnover we have... not undergone BEE verification but relied on a signed BEE affidavit confirming that we are an automatic level 2 B-BBEE contributor. Now it appears we may exceed the R50 million mark this year and have to verify as a Generic Enterprise. As HR manager I have now been tasked with getting our skills development planning in place should we need to verify. Where do I start?

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420
Article
The final say on business interruption insurance and Covid-19

16 March 2021

I’ve been following the media reports relating to the Café Chameleon case and their claim that their business interruption insurance... covers losses suffered due to Covid-19. The last I heard was that this case was being appealed by the insurer. I have a similar argument going with my insurers, and would like to know whether there is any finality yet on the matter.

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521
Article
51% black equity tender pre-qualification criteria found to be invalid

06 January 2021

My business is 26% black owned but has been excluded from a number of tenders because of pre-qualification criteria for... tenders being set at being at least 51% black owned. I’ve seen in the news though that this practice has been scratched by the courts. Is this true?

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545
Article
What Covid tax relief measures can my company qualify for?

06 January 2021

I have a construction company which has been hard hit by the Covid-pandemic and although I have managed to keep... our doors open and not retrench my employees, we are in dire straits. I understand that there are some tax relief measures which I can access to assist my company. Is this true?

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512
Article
The rights of a dissenting shareholder in a scheme of arrangement

10 November 2020

I’m a minority shareholder in a company that has been approached by a buyer willing to buy out all the... shareholders. Because of Covid-19 the company has suffered financially and I know that the shareholders holding more than 75% of the company will want to accept the offer even though I believe it to be far below the market value of the shares. Is there any remedy at my disposal?

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