CRS Business Rescue
Overview of business rescue in South Africa - the context, process, and stakeholders

Business rescue implications for directors

This page will list duties, liabilities and responsibilities of directors in Chapter 6 business rescue.


Professional publications

Corporate Governance and Directors’ Obligations and Potential Liabilities. (2010, July). Van Velden Pike & Partners.

Director's Guide 2011. (2011, May). . Charles Orbach & Company.

Driver, G. (2009, October). A Corporate Revolution in South Africa - the Companies Act No 71 of 2008. Werksmans Attorneys.

Employment Matters. (2010). Cliffe Dekker Hofmeyr Attorneys.

Levenstein, E. (2010, November). The Delinquent Director: The Death Knell for Negligent Directors? Werksmans Attorneys.

Levenstein, E. (2011, May). The New Companies Act, No. 71 of 2008 – Reckless Trading and the Personal Liability of Directors. Werksmans Attorneys.

Walker, D., & Meiring, I. (2010, September). King Code and Developments in Corporate Governance. Werksmans Attorneys.

Professional web sites

Companies Act Reinforces Rights Of The Honest Director. (2011, June 22). Go Legal.

Frequently Asked Questions Pertaining to King III. (2010). Institute of Directors.

Levenstein, E. (2009). Putting directors on the spot. Werksmans Attorneys.

Levenstein, E. (2011, June). Companies Act Reinforces Rights of Company Directors Who Act Honestly and Reasonably. Werksmans Attorneys.

Media articles

Directors and Officers Run for Cover from Companies Act. (2011, May 19). MoneyMarketing.

Directors Beware: There’s a New Meaning to Business Rescue. (2011, June 28). Moneyweb.

Hartley, W. (2010, December 2). Keep bar on crooked directors - SARS. BusinessDay.

Levenstein, E. (2010, July 23). Corporate Shutdowns and Delinquent Directors. Engineering News.

New Act Will Prevent Reckless Trading. (2010, July 15). Business Report.

Naidoo, P. (2010, October 28). Directors Have Rights. Financial Mail

Seggie, E. (2010, November 5). Corporate Shutdowns and Delinquent Directors. Engineering News.

Temkin, S. (2011, May 30). Errant Directors Face Delinquency Orders. BusinessDay.


Levenstein, E. (2009, August 12). "The Buck Stops Where?" Directors' Liability.

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