QUESTION ONE $($COMPULSORY$)$

Cheese and Bread $($Pty$)$ Ltd is a company engaged in the manufacture of milk products. Its board of directors consists of Bakadzi, Otukile and Gaone.

is to

In $2022,$ Bakadzi approaches the board of directors of Cheese and Bread $($Pty$)$ Ltd with a proposal for cheese and bread to enter into a joint venture with Bertir milky foods for the manufacture of yogurt. The board of directors of cheese twad and bread resolve, however not to pursue the venture. Consequently Bakadzi We doled resigned from the board of directors and established her own company Backy We $($Pty$)$ Ltd which entered into a joint venture with Milky Foods $($Pty$)$ Ltd$.$ This venture has proven to be highly successful and now it is in direct competition with Cheese and Bread $($Pty$)$ Ltd$.$ directus$)$

or In $2022,$ Otukile was approached by one of the shareholders, Moneybags, who informs him that he is interested in acquiring a majority stake in Cheese and Bread $($Pty$)$ Ltd$.$ He advised him that he needs to secure another $10$ percent of the shareholding. Otukile, without telling Linda of Moneybag interest in acquiring shares, approaches Linda with an offer to purchase her shares in Cheese and Bread $($Pty$)$ Ltd$.$ Linda promptly soldshares her shares to Otukile, who immediately sold them to Moneybags at an enormous profit.

What

Also in $2022,$ Gaone uabeknown to the board of directors of Cheese and Bread $($Pty$)$ Ltd$,$ entered into a contact with Paper Boxes $($Pty$)$ Ltd to purchase twelve thousand milk cartons at a price well above the market price.

The shareholders have recently discovered these developments and seek redress.

Advise them.

QUESTION TWO

Botho is the Managing Director of Spices $($Pty$)$ Ltd$.$ She owns $30$ per cent of the shareholding. The other $70$ per cent of the shares are owned by Lesego and Wame. Botho is also the chairman of the eight$-$member board of directors for

$00$ OEAUAWE P$40$ lite

OO AI QUAD CAMERA