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📚 Understanding the Companies Act 71 of 2008 The Companies Act isn’t just about registering a business — it’s the legal backbone of how companies operate in South Africa 🇿🇦 Here’s what you should know: ✔️ A company is a separate legal person — it owns its assets and carries its own debts. ✔️ Shareholders enjoy limited liability, but courts can pierce the corporate veil if the company is abused. ✔️ Directors have strict duties under sections 76 & 77 — they must act in good faith, with care, an
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