n IMFO : Official Journal of the Institute of Municipal Finance Officers - Legal corner

Volume 8, Issue 1
  • ISSN : 1607-520X



In the case of Minister of Water Affairs and Forestry v Stilfontein Gold Mining Co Ltd 2006 (5) SA 333 (w), the Court found that the directors of a company, who all resigned simultaneously, in order to avoid taking certain action, acted in bad faith to the company and were liable for the consequences of not discharging their duties.

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