The Draft Companies Amendment Bill was approved by the cabinet in September and is now out for public comment. It adds significant administrative burdens on companies while diminishing SA’s attractiveness as a place to do business.      

The bill has two main thrusts. The first is that listed companies are going to be required to disclose the ratio of the top paid to the bottom paid 5% of workers. The second is a requirement to identify shareholders who are the “true or beneficial” owners of shares in a company...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now