Both the Companies Act and the Close Corporation Act have provisions in them allowing CIPRO to deregister corporate entities that have not lodged annual returns with the Registrar (Section 73 of the Companies Act and Section 26 of the Close Corporations Act).
CIPRO earlier in the year started to invoke the provisions of these Sections and hundreds of thousands of corporate entities were reclassified with the status “deregistration in progress”, for not having lodged the relevant returns.
In the last couple of days, what was thought to be a CIPRO threat for …

The big question being asked by those involved in the credit risk management industry and generally is are we out of those dreaded recession “woods”?
From purely a practical personal perception the answer would be no. The number of bad debt hand-overs decreased toward the end of last year only to bounce back in February and March of this year, particularly businesses being handed over.
However Moody’s being reported in Business Report has stated the opposite:
“South Africa’s economic recovery has “arrived with a bang”, says Kristin Lindow, a senior vice-president at international …