Category Archives: Uncategorised

South African Companies Act: Proposed Changes on Shareholder’s Say on Pay

Understanding the Proposed Amendments The amendments to the Companies Act aim to address growing concerns over executive pay disparities and the need for greater corporate accountability. Under the new proposal, companies will be required to prepare an annual remuneration report, detailing the compensation of individual directors and top executives.  Key components of the proposed changes […]

Beneficial Ownership and Corporate Transparency: Impact on South African Companies

In February 2023, South Africa was greylisted by global financial crime watchdog the Financial Action Task Force (“FATF”) for not fully complying with international standards around the prevention of money laundering, terrorist financing and proliferation financing. This decision was taken despite the remedial action already taken by South Africa in response to the FATF’s mutual evaluation report […]