97

Investec Bank Ltd. and Another v Lefkowitz (384/95) [1996] ZASCA 136; 1997 (3) SA 1 (SCA); [1997] 1 All SA 581 (A); (27 November 1996)

  • Posted on: 24 September 2015
  • By: Pamela

Employee share trusts.

An employee cannot exercise his or her option in advance of the stipulated date (unless the directors agree thereto in terms of the concluding words of clause 17.2) or in excess of the stipulated percentage.

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)

  • Posted on: 24 September 2015
  • By: Pamela

Securities Regulation Code on Takeovers and Mergers - whether mandatory offer to acquire shares of minority in a company must be made where transaction which would have resulted in change of control no longer to be implemented.

1. Whether or not on the agreed facts appellant incurred an obligation to offer to purchase the shares of respondents as minority shareholders in Time Life Insurance Limited at R2,50 per share pursuant to the provisions of the Act and the Code.