Deregistration risk: Why beneficial ownership should not be an afterthought
Bizcommunity | 06.10.2026 17:13
Beneficial ownership reporting is still treated as mere paperwork for many business owners. However, failing to keep this information accurate and up to date now carries severe risks, warns Janus Joubert of JBS Advisory & Accounting. Since implementing a "hard stop" system in 2024, the Companies and Intellectual Property Commission (CIPC) blocks companies from filing annual returns without current beneficial ownership records - leaving non-compliant businesses facing enforcement action or administrative deregistration.
