Section 76(4)(a) of the South African Companies Act 2008Priyesh ModiJun 1, 20211 min readCreates a positive presumption serving to protect informed, honest and reasonable business decisions made by directors and should be applauded for this.
PledgeIn South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Delegation of AuthorityDirectors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
Suretyships and GuaranteesIn South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...