by dev@dotnews.co.za | Aug 7, 2025 | Company / Corporate / Compliance
“Diplomats operate through deadlock, which is the way by which two sides can test each other’s determination.” (Henry Kissinger) Running a business with a partner can work brilliantly – until it doesn’t. When co-directors or shareholders fall out and can no...
by dev@dotnews.co.za | Aug 7, 2025 | Company / Corporate / Compliance
“A director must… act in good faith and for a proper purpose; in the best interests of the company; and with the degree of care, skill and diligence that may reasonably be expected…” (Companies Act of 2008) The first Guideline for 2025 issued by the CIPC (Companies...
by dev@dotnews.co.za | Jun 6, 2025 | Company / Corporate / Compliance, Insolvency / Liquidation
“Family quarrels are bitter things. They don’t go according to any rules” (F. Scott Fitzgerald) A company’s directors have both the power and the duty to manage the company’s affairs for its benefit. When two or more directors are in place, it’s perhaps natural...
by dev@dotnews.co.za | Jun 6, 2025 | Company / Corporate / Compliance, Insolvency / Liquidation, Litigation
“Some people use one-half their ingenuity to get into debt, and the other half to avoid paying it” (George Prentice, newspaper editor and author) You are owed a lot of money by a company that goes into business rescue. The business rescue plan provides for creditors...
by dev@dotnews.co.za | Apr 7, 2025 | Company / Corporate / Compliance, Debt Recovery
“He who is quick to borrow is slow to pay” (Old proverb) A High Court decision means that, for the first time, creditors of debtor companies are specifically cleared to apply for the company’s directors to be declared “delinquent” in certain circumstances. And that...
by dev@dotnews.co.za | Jan 16, 2025 | Company / Corporate / Compliance, Insolvency / Liquidation, Litigation
“Creditors have better memories than debtors” (Benjamin Franklin) Business rescue, often considered “corporate first aid” for struggling companies, is projected to rise significantly due to persistent economic challenges from unrest-induced financial losses. ...
