Types of Company in South Africa - That You Can Start Easily


You can also choose to manage and register a business in South Africa. The law on companies 71 of 2008, amended by law 3 of 2011, governs the establishment of companies in South Africa. The most basic categorization is the profit-making division and non-profit companies.

Types of Company in South Africa

Non-profit companies

Non-profit companies are involved for the benefit of the public. At least three people are invited to create titles and not to broadcast them to the public. Contrary to popular belief, non-profit companies can make profits, but they cannot be passed on.

Private enterprise

Private companies include one or more persons. After registration, private companies follow their name « (Pty) Ltd ». A private company may not submit the portability of the shares and the number of shareholders to 50. A private company may not submit financial statements in the business register (CIPC).

Personal liability

Personal liability company’s registration in South Africa consists of one or more managing partners; The directors of these companies (current or current) share responsibility for all obligations and obligations of the Company. These activities are registered by professionals, accountants, engineers, and lawyers. After registration follows the company name « Inc. » Gold « Incorporated ».
The Old Companies Act (1973) refers to these types of companies in Section 53 (b) companies.

Public companies

Public companies have the right to offer their shares to the public. The management of these companies is transferred to the Management Board. After registration follows the name « Limited » or « Ltd. ». Whereas the minimum number of members is required, the maximum number of members or the transferability of a public company is not limited. JSE Limited can only register public companies.

Close company

This concept was introduced in 1985 and was intended to provide an entrepreneur or a small group of up to 10 entrepreneurs with a simpler and cheaper business unit. A closed-end company is not subject to the same legal requirements as the company and is separate from its members with limited liability.


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