Companies Act · Regulation 43

Do you need a Social & Ethics Committee?

A statutory committee is mandatory for more South African companies than most realise — it's a formula, and most who qualify don't know it. Answer five questions for an instant, sourced answer.

Your company

Use your latest completed financial year. Nothing is stored or sent until you ask for the summary.

Company type

Listed public companyShares listed on an exchange (e.g. JSE / AltX) State-owned companyAn SOC / public entity under the PFMA

Average number of employees this financial year Turnover this financial year

Third-party liability at year-end (money owed to outsiders)

Individuals with a beneficial interest in securities at year-end

For a profit company: people (not entities) known to hold a beneficial interest in your shares.

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0public-interest points
this year

0threshold 5001000+

Get the one-page summary

Your score, what it means, and what a defensible speak-up channel needs under King V and the coming Protected Disclosures Bill.

How this is calculated. The public-interest (PI) score follows the Companies Regulations, 2011 (reg. 26(2)): one point per average employee, one point per R1 million (or part) of third-party liability, one point per R1 million (or part) of turnover, and one point per individual with a beneficial interest in the company's securities (or per member, for a non-profit). Under regulation 43 (Companies Act 71 of 2008, s72(4)), a Social & Ethics Committee is mandatory for every listed public company, every state-owned company, and any other company that scored above 500 in any two of the previous five financial years. This tool scores one year — confirm the two-of-five test across your last five years. Guidance only, not legal advice.