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South Africa Case Law

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Administrative Law [2013] ZAGPJHC 282

Property Promotions & Management (Pty) Ltd and Others v Securities Regulation Panel and Others (2011/6086)

Property Promotions & Management (Pty) Ltd and Others v Securities Regulation Panel and Others (2011/6086) [2013] ZAGPJHC 282 (15 November 2013)

The High Court dismissed a review of the SRP ruling, holding that the only surviving applicant lacked locus standi because it was not a shareholder when the offer obligation arose.

  • Companies Act 1973
  • Mandatory Offer
  • Affected Transaction
  • Locus Standi
  • Takeover Regulation
  • Review Of Administrative Action
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Competition Law [2011] ZACT 26

Hosken Consolidated Investments Ltd v KWV Holdings Ltd (26/LM/Apr11)

Hosken Consolidated Investments Ltd v KWV Holdings Ltd (26/LM/Apr11) [2011] ZACT 26 (6 May 2011)

The Competition Tribunal approved HCI’s acquisition of an additional 0.05% stake in KWV, finding no competition overlap, no public interest concerns, and no conditions were needed.

  • Large Merger
  • Mandatory Offer
  • Sole Control
  • Public Interest
  • Market Definition
  • Large-merger
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Commercial And Corporate [2000] ZASCA 1

Sefalana Employee Benefits Organisation v Haslam and Others (553/97)

Sefalana Employee Benefits Organisation v Haslam and Others (553/97) [2000] ZASCA 1; 2000 (2) SA 415 (SCA); [2000] JOL 6205 (A) (3 March 2000)

The court held that no mandatory takeover offer arose because the share transaction was repudiated and never implemented, so control never changed.

  • Takeover Regulation
  • Mandatory Offer
  • Minority Shareholder Rights
  • Statutory Interpretation
  • Securities Regulation
  • Takeover-regulation
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South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.