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The Companies Act (71 of 2008) contains the law concerning the formation and management of companies in South Africa. It can be viewed at:
<a href="https://www.gov.za/sites/default/files/gcis_document/201409/321214210.pdf">https://www.gov.za/sites/default/files/gcis_document/201409/321214210.pdf </a>
It sets out the requirements for the issuing of a prospectus, the maintenance of records at a company's registered office, the issue of share capital, the financial accounts and other information which is required to be disclosed and the termination and conversion of companies. Obviously, for the private investor, it is very important to have a good working knowledge of the requirements of the Companies Act. All listed companies are subject to it and its requirements impact their activities continuously. For example, all companies (private and public) are required to produce annual financial statements which must comply with certain requirements. Those financial statements are there to inform you of the progress of the company and its future prospects.

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