New B-BBEE Code: ICT industry champions diversity

The Amended B-BBEE ICT Sector Code was recently launched by Minister of Telecommunications and Postal Services, Siyabonga Cwele. The code promises to address past inequality through championing the participation of the previously disadvantaged within the ICT sector. Cwele also took the opportunity to launch the Broad-Based Black Economic Empowerment ICT Sector Council, which was established

Business rescue protected from all legal proceedings

If a company is undergoing business rescue, the Companies Act states that it is immune to the commencement of any ‘legal proceeding,’ without the written consent of the business rescue practitioner. However, the phrase ‘legal proceeding’ is not defined by the Act. The Supreme Court of Appeal (SCA) was required to scrutinise two critical questions