KWAZULU-NATAL, South Africa
Mr. Joel Sibusiso Ndebele who is the Premier of KwaZulu-Natal Province (since April 22, 2004), serves in the National Executive Committee (NEC) of the African National Congress. He is also a member of the Provincial Executive and the Provincial Working Committee of the ANC since 1994. His leadership has enhanced private sector business and the economy in KwaZulu-Natal.
Close Corporation Business, which is a business entity owned by one to fifty members, has increased in KwaZulu-Natal. The members of CCs do not all have to play an active role in the running of the business. In most CCs, however, the members are also the managers of the business. Although the Companies Act of 1973 prescribes compulsory meetings for companies, especially in regards to public meetings, there are no requirements in this regard for CCs. Meetings are usually held between members on an ad hoc basis. More information on obtaining licensure for Close Corporation can be obtained at the Companies and Intellectual Property Registration Office.