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Corporate Governance 2025 | SA News

Law and Practice

1. Introductory

1.1 Forms of Corporate/Business
Organisations

A company incorporated in terms of the Companies Act, No 71 of
2008, as amended (the “Companies Act”), is the principal
form of corporate/business organisation used in South Africa.
Companies are separate legal entities with shareholders that
provide share capital (equity) and in certain instances debt
finance to the company, and have a board of directors that manages
the company and its affairs. The Companies Act distinguishes
between two broad categories of companies: profit companies and
non-profit companies.

Profit Companies

Profit companies include the following entities with their
suffixes shown…

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  2. Fun South African Travel tip: You can visit the hominid fossil displays and learn more about the beginnings of our planet at the Maropeng Visitors Centre and Sterkfontein Caves.