Corporate Governance
The New Companies Amendment Act: What Directors Must Know (2024–2026)
The Companies Amendment Act introduces expanded duties and stricter compliance obligations for directors.
Key Changes
• Expanded Director Duties: Directors must sign updated fiduciary responsibility acknowledgements.
• Merger Thresholds: Competition Commission filings are now required for smaller transactions (effective May 2026).
• Disclosure Obligations: Stricter beneficial ownership and shareholder transparency filings with CIPC.
These obligations directly affect directors. Review our Compliance Checklist to ensure you're prepared.
Implications for Directors
• Greater personal accountability for governance lapses.
• Increased compliance costs for SMEs and foreign-owned companies.
• Heightened risk of penalties, deregistration, and liability if obligations are ignored.
For migrant entrepreneurs, these changes highlight the importance of compliance. Explore their role in South Africa's economy.
Maltech-Africa helps directors and boards restructure governance frameworks to meet the new standards — our Compliance Services cover the filings, registers and acknowledgements the Amendment Act demands.
Takeaway: The Amendment Act raises the bar for governance. Directors must adapt quickly to avoid exposure.
Meet the new legal standards.
Book a Consultation with Maltech-Africa to restructure governance frameworks and meet new legal standards.
