Consequences of non-compliance with director duties

What is a director? In terms of the Companies Act No. 71 of 2008 (“the Companies Act”), a “director” means a member of the board of a company (“the Board”), as contemplated in section 66 of the Companies Act, or an alternate director of a company and includes any person occupying the position of a […]

Audit, review and compilations – differences and Companies Act requirements

The Companies Act No. 71 of 2008 together with amendments and companies’ regulations, stipulates requirements whether a company’s financial statements should be audited, independently reviewed or only compiled. As a business owner, it is important to understand the requirements together with the differences in these services provided. To understand what category applies to your company, […]