Doing business in South Africa

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Presentation transcript:

Doing business in South Africa

Sole proprietor Partnership Trusts Companies Close corporations

Contract Offer and acceptance Doesn’t need to be written down to be valid Contractual capacity, lawfulness and possibility of performance Write it down anyway

"...You should not become weary to write your contract, whether it be small or big, for its fixed term, that is more just with Allah; more solid as evidence, and more convenient to prevent doubts among yourselves, except when it is a present trade which you carry out on the spot among yourselves, then there is no sin on you if you do not write it down. But take witnesses whenever you make a commercial contract. Let neither scribe nor witness suffer any harm, but if you do such harm, it would be wickedness in you. So be afraid of Allah; and Allah teaches you. And Allah is the All-Knower of everything."   Al - Baqarah | Verse 282

Consumer Protection Act National Credit Act Income Tax Act, VAT Act Broad Based Black Economic Empowerment Act Public Finance Management Act Preferential Procurement Policy Framework Act Labour Relations Act Basic Conditions of Employment Act Protection of Personal Information Act Electronic Communications and Transactions Act

Sector specific legislation Intellectual property Copyright Act Trade Marks Act Patents Act Designs Act Counterfeits Goods Act

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