G.C.W v S.W (D5862/2018) [2024] ZAKZDHC 56 (5 August 2024)
Court
Kwazulu-Natal High Court, Durban
Case number
D5862/2018
Judge
G M Harrison
The High Court granted an urgent order compelling discovery of financial records in a divorce matter, with confidentiality protections for some company statements.
Zelbree Investments (PTY) Limited and Others v Theunissen (A3034/2020) [2022] ZAGPJHC 877 (15 November 2022)
Court
South Gauteng High Court, Johannesburg
Case number
A3034/2020
Judges
Adams, Van Aswegen
High Court appeal on director remuneration under section 66(9) of the Companies Act upheld the special plea: no special resolution meant no director’s fees.
Miller v Natmed Defence (Pty) Ltd (18245/2019) [2021] ZAGPJHC 352; 2022 (2) SA 554 (GJ) (24 August 2021)
Court
South Gauteng High Court, Johannesburg
Case number
18245/2019
Judge
Matojane
The court found that the removal of the applicant as director by the shareholder was procedurally compliant with section 71(1) of the Companies Act, 2008, which does not require shareholders to provide reasons for removal in advance. The applicant was given notice and an opportunity to make representations, and any deficiencies in the notice period or the telephonic nature of the meeting did not prejudice him sufficiently to warrant setting aside the decision. The applicant's claim for reinstatement as director was dismissed, as the breakdown of trust between the parties rendered such relief…
Westerhuis v Whittaker and Others (4145/2017) [2018] ZAWCHC 76 (26 April 2018)
Court
Western Cape High Court, Cape Town
Case number
4145/2017
Judge
Kusevitsky
The court dismissed a minority shareholder application alleging unauthorised director remuneration, personal expenses, and oppressive conduct in a family company.
Bodigelo v Public Investment Corporation Ltd (A1070/2010) [2012] ZAGPPHC 225 (10 October 2012)
Court
North Gauteng High Court, Pretoria
Case number
A1070/2010
Judges
Mavundla, E M Makgoba, P M Mabuse
The High Court held that director’s fees paid to a nominee non-executive director belonged to the appellant, and the employer had no basis to retain them.
Amoils and Others v Amoils and Others (127/86) [1987] ZASCA 77 (27 August 1987)
Court
Supreme Court of Appeal
Case number
127/86
Judges
Corbett, Hoexter, Nestadt, Nicholas, Kumleben
The court held that the rights under clause 4.2.2 of the agreement were not personal to Louis Amoils but attached to the shares and were intended to be transmissible to his successors in title. The agreement's purpose was to equalise the brothers' interests in the company, and nothing in the agreement effectively detracted from this conclusion. The recurring nature of the obligations under clause 4.2.2 meant that each biennial right to nominate a director constituted a separate cause of action, and thus, prescription did not bar future claims. Regarding director's fees, the court found that t…
Gray and Others v Thesing Vastgoed BV and Others (267/85/av) [1986] ZASCA 129; [1987] 1 All SA 409 (A) (21 November 1986)
Court
Supreme Court of Appeal
Case number
267/85/av
Judges
Corbett, Grosskopf, Smalberger, Nicholas, Nestadt
The Appellate Division held that the share-sale and lease arrangement did not amount to prohibited financial assistance by the company under section 38(1).