With regards to the Companies Act No. 71 of 2008 (“Act“) which came into force on the 1st of May 2011, there is a lot of heated debate and different views on the compliance with the Act regarding inter company loans.

Please see below a link which we are posting to a memo which analysis the applicable section 45 of the Act which we hope will be of value to you and your organisation:

SECTION 45 OF THE COMPANIES ACT, 2008 No. 71 of 2008) (110629).pdf

06 July 2011