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A decision of the High Court (Western Cape Division, Cape Town) deals with the questions of who can exercise minority rights in fundamental transactions and in what circumstances separate scheme meetings should be convened. On 13 April 2022, in the matter of Sand Grove Opportunities Master Fund Ltd and Others v Distell Group Holdings Ltd and Others, the High Court of South Africa (Western Cape Division, Cape Town) ruled on a number of issues, including standing (the right) to bring applications in terms of section 115(3)(b) of the Companies Act, 2008 (Act); whether the courts enjoy a power to condone non-compliance with the 10 business day time limit prescribed in that section; and when separate meetings need to be convened for holders of different classes of securities.
Court acquits Bongani Bongo of corruption charges Updated
Karabo Tebele
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The Western Cape High Court in Cape Town has cleared former state security minister Bongani Bongo of the corruption charges against him.
Flickr/GovernmentZA
Bongo, who is an African National Congress (ANC) MP and chair of the home affairs committee in Parliament, was acquitted on Friday.
Spokesperson for the National Prosecuting Authority (NPA) in the Western Cape Eric Ntabazalila says they will study the judgment.
The National Prosecuting Authority notes the decision of the High Court of South Africa Western Cape Division.
We will study the judgment before considering its options and the court granted Bongani Bongo his section 174 application and found him not guilty on a charge of corruption.