Companies Act, 1973 (Act No. 61 of 1973)

The Securities Regulation Code on Takeovers and Mergers

The Code

Section C. General Principles

1. Introduction
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It is impracticable to devise rules in sufficient detail to cover all circumstances which can arise in affected transactions. Accordingly, persons engaged in affected transactions should be aware that the spirit as well as the precise wording of the General Principles and the ensuing Rules are to be observed. Moreover, the General Principles and the spirit of the Code may apply by necessary implication in areas or circumstances not expressly covered by any Rule.