Presentation by Department of Trade and Industry (DTI) - Republic of South Africa

1. LAW REFORM IN RSA CORPORATE REGISTERS FORUM: CAPE TOWN 2009 MacDonald Netshitenzhe, Director: Commercial Law and Policy: CCRD

9. Statistics on registrations 0.03% (0.06%) 1,056 External Companies 54% 1,701,179 Total Registered Entities 100% 3,149,845 Total Enterprises in Economy 22.2% 699 166 Sole proprietorships 23.8% 749,500 Informal economy Percentage Number Unregistered Entities 0.25% (0.5%) 7,976 Incorporated Companies (Professional) 0.12% (0.2%) 3,757 Public Companies 13.09% (24%) 412,233 Private Companies 40.51% (75%) 1,276,157 Close Corporations Percentage (% registered) Number Registered Entities

26. Chapter 8 Institutional Framework Commission should amongst others, efficiently and effectively register local and external companies, accurately maintain proper records and information on companies, promote education and awareness on the legislation Specialist Committees to advise the Minister on company law and policy and the other on the resources of the Commission Companies Tribunal should amongst others, resolve disputes in a transparent manner Takeover Regulation Panel should regulate affected transactions and offers in terms of chapter 5 Financial Reporting Standards Council should amongst others develop financial reporting standards and also develop standards for small businesses.

29. THANK YOU