Picture this: you loan money to a friend and then not only don’t repay it, they also cut off communications with you and you find out they have moved to a foreign country. You need to claim the money back; it was a sizeable chunk of your savings, ...
The Solvency and Liquidity Test: Controlling Company Distributions and Financial Assistance
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client-admin
The Companies Act 71 of 2008 (“the Act”) sets out rules to ensure that companies venture responsibly when dealing with their finances, especially when giving financial assistance or making payments to shareholders. These rules are important becau ...

