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South Africa Case Law

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Commercial And Corporate [2022] ZASCA 85

Capital Appreciation Ltd v First National Nominees (Pty) Ltd and Others (280/2021)

Capital Appreciation Ltd v First National Nominees (Pty) Ltd and Others (280/2021) [2022] ZASCA 85; 2022 (6) SA 67 (SCA) (8 June 2022)

Court
Supreme Court of Appeal
Case number
280/2021
Judges
Ponnan, Plasket, Nicholls, Tsoka, Phatshoane

The Supreme Court of Appeal held that a company repurchasing more than 5% of its shares must comply with sections 114 and 115, triggering dissenting shareholders’ appraisal rights under section 164.

  • Companies Act 2008
  • Share Repurchase
  • Appraisal Rights
  • Minority Shareholder Protection
  • Share-repurchase
  • Appraisal-rights
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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.

Source links and collection timestamps are retained alongside the indexed records.