Audit or review – Which is applicable?
The Companies Act No 71 of 2008 (“the Act”) has made provision for significant changes for companies with regards to the requirement to be audited or reviewed. This requirement is mainly determined by the Public Interest Score (“PI Score”) of the company which is calculated by allocating points to certain key factors and figures of […]
DIVIDEND PAYMENT PROCEDURES
A dividend is the distribution of a reward from a portion of the company’s earnings and is paid to a class of its shareholders. Dividends are decided and managed by the company’s board of directors, though they must be approved by the shareholders through their voting rights. Dividends can be issued as cash payments, as […]