Impacting Policy: USAID FSP and The Revised Draft Regulations Under the Companies Act

This article was contributed by the Financial Sector Program, a USAID Funded initiative in Southern Africa.

The Companies Act – 71 of 2008, is widely regarded as a fundamental change in company law in South Africa and is slated to commence on April 1, 2011. The initial draft of the Companies Regulations was published in the Government Gazette December 22, 2009. In that same Gazette the Minister of Trade and Industry published a “Notice of Rectification” announcing a number of corrections and some fundamental changes to the Companies Act – 71 of 2008.


The Companies Amendment Bill 40 of 2010 was the result and is currently before Parliament. Please see the Financial Sector Program website for further analysis ...