New draft tax bill hides a "stealth tax" in your unit trust investments
For millions of South Africans, a unit trust or a portfolio of a Collective Investment Scheme (CIS) is one of the pillars of their financial future, serving as a vehicle for retirement savings, children’s education funds, and long-term wealth creation. Under National Treasury’s proposed amendments i…
Do shareholders need any reasons whatsoever, to remove a director from the board of a company?
In the recent decision of Weir v Wiehahn Formwork Solutions (Pty) Ltd & others, the High Court was faced with a fairly simple question: do shareholders who seek to remove a director from a company’s board in terms of a shareholders’ meeting, need to give that director their reasons for wanting the r…
South African Commercial Law Blog 