Section 95 – Employee Share Scheme
Section 95 of the Companies Act, which regulates various requirements surrounding Employee Share Schemes, was amended to include “purchases of shares in a company” in the definition of an Employee Share Scheme.
The Companies Act Amendments 2024:
Pertinent changes were made to our South Africa Companies Act after the Companies Amendment Act 2024, No. 16 and the Companies Act Second Amendment, 2024 No. 17 were ascended into law on 25 July 2024.
The above amendments came into effect after proclamation was made in the Gazette during December 2024.
Statucor continues to unpack the amendments and the effect that they may have on our valued clients, and we look forward to publishing further communications on our observations in future. Click here for a full summary of all changes made to the Companies Act through the 2024 Amendments or view our News page for our latest articles on the Companies Act, Governance and Compliance matters that may be pertinent to you.
By Herman Moolman
Statucor (Pty) Ltd © 2025
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