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Pasiya and Others v Lithemba Mining (Pty) Ltd and Others: An exercise in discretion

Pasiya and Others v Lithemba Mining (Pty) Ltd and Others 1 All SA 626 (SCA) was an appeal before the Supreme Court of Appeal (SCA) following the dismissal by the court a quo of the appellants’ application for declaratory relief. The declaratory relief sought included an order (i) declaring as unlawful and setting aside a loan agreement concluded in 2009; (ii) declaring as unlawful and setting aside the changes to shareholding which occurred in January 2010 pursuant to the inability of the borrower to repay the loan; and (iii) directing that dividends be paid in terms of shareholding as it stood before the shareholdingchanges. 

New CCTV by-law from the City of Johannesburg

The council for the City of Johannesburg Metropolitan Municipality (CoJ) recently approved the Privately-Owned Closed-Circuit Television Surveillance Camera By-Law (CCTV Camera By-Law). The CCTV Camera By-Law aims to promote the lawful and constitutional use of closed-circuit television (CCTV) cameras in public areas through the regulation and registration of privately-owned CCTV surveillance cameras. According to the CoJ, this is in the hopes of creating a safer city and safeguarding the constitutional rights to human dignity privacy, security of persons, freedom of movement and general well-being of the community.

What led her to pursue a career in corporate finance

Lucinde Rhoodie, Director in the Dispute Resolution practice was featured in the DealMakers Women 2024 Issue where she discussed What led her to pursue a career in corporate finance .

Extension of validity of Zimbabwean Exemption Permits

Mandatory offers in the context of bespoke limitations on voting rights

The requirement to make a mandatory offer in terms of section 123 of the Companies Act 71 of 2008 (Companies Act), is triggered by an acquisition of a beneficial interest in securities of a regulated company, as a consequence of which the acquiror (together with its related and concert parties) is able to exercise at least 35% of the voting rights attached to the securities of the regulated company. Accordingly, the principal feature of an acquisition which triggers a mandatory offer, is the acquiring party crossing the 35% bright line as a consequence of theacquisition. 

Building a community: A step-by-step guide to township establishment in Johannesburg

Township establishment involves the process of converting land, usually farmland, into a township by opening a township register. This township register maps out the land into streets and individual erven (smaller parcels of land) according to an approved general plan.