Tag: Madelein Burger
SCA upholds minority shareholder rights in share repurchase
A recent decision of the Supreme Court of Appeal (SCA) upholds the rights of dissenting minority shareholders in situations where a company intends to repurchase more than 5% of its issued shares of any particular class.
New Draft Companies Amendment Bill – key proposed amendments
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.
Amendments to the regulation of primary and secondary listings
On 5 November, the JSE Limited (JSE) announced amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The amendments follow an extensive consultation process with the market and the public 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" (click here to read the e-alert on the Paper).
