Tag: Companies Act of 2008

A new draft of the Companies Amendment Bill has been published. Although the bill clarifies many important company law issues; several ambiguities related to the current act remain. On Friday, 1 October 2021, the Department of Trade, and Industry (DTI) published a new draft of the Companies Amendment Bill, 2021 (2021 Bill) for public comment.

The JSE has published for comment proposed amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The proposed changes take account of the public comments raised during the consultation process that kicked off in September 2018 after the JSE released a consultation paper (Paper) on 'possible regulatory responses to recent events surrounding listed issuers and trading in their shares'.

The recent court order instructing the Passenger Rail Agency of South Africa (PRASA) to make available audio recordings of one of their board meetings has highlighted the urgent need for boards to develop policy around this issue.