Don't think that just because you are dealing with a foreign company that Sec 45 (Financial Assistance) of the South African Companies Act does not apply.
It certainly does and you must make sure of compliance as the consequences of not doing so are harsh in the extreme and should be avoided at all costs.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...