by VDT Attorneys | Dec 14, 2021 | Commercial, Company, Corporate
Yes, there are new changes being proposed to the Companies Act. On 1 October 2021 the Companies Amendment Bill, 2021 (“Bill”) was published for comment. It is explained that the Bill aims to address some of the administrative bottlenecks identified since the advent of...
by VDT Attorneys | Nov 15, 2021 | Business, Commercial, Shareholding, Shares
What you are referring to is a share buyback, and such are an accepted method of disposing of your shares in a company as an alternative to selling to a third party. That said, share buybacks are strictly governed by the Companies Act 71 of 2008 and in particular...
by VDT Attorneys | Jul 14, 2021 | Commercial, Company, Compliance, Cyber, Cyber security, Information, Information and data protection
You are correct in that the new Cybercrimes Act was signed into law by our President and once the commencement date is proclaimed, it will apply to electronic communications service providers (“ECSPs”) under which your business could potentially fall. The Cybercrimes...
by VDT Attorneys | Jun 14, 2021 | BEE, Commercial, Company
A common misconception is that any charitable contribution or intitiative qualifies for Socio-Economic Development points. Although such initiatives are laudable, the BEE Codes of Good Practice have very clear requirements for contributions to qualify for recognition...
by VDT Attorneys | May 20, 2021 | BEE, Business, Commercial, Company, Skills development
To answer your question, it is best to firstly start with what learnerships are. Learnerships are accredited qualifications where a learner completes theoretical and experiential training simultaneously. This distinguishes learnerships from other forms of training...
by VDT Attorneys | May 20, 2021 | Business, Commercial, Company, Compliance, Information, Information and data protection, information officer, PAIA, POPI, POPI Act, POPIA
As the Protection of Personal Information Act, 2013 (“POPIA”) deadline of 1 July 2021 approaches rapidly, many organisations are starting to raise questions about the more intricate aspects of POPIA. An important aspect relates to the role and...