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A Simple Share Sale Agreement is used when one party wishes to transfer ownership of shares to another party in a straightforward transaction under South African law. This document is particularly suitable for smaller transactions where extensive warranties and complex conditions are not required. It includes essential elements such as details of the shares being sold, purchase price, payment terms, and basic warranties about share ownership and authority to sell. The agreement ensures compliance with the Companies Act 71 of 2008, Securities Transfer Tax Act, and other relevant South African legislation. It's commonly used for private company share transfers, small business acquisitions, and internal restructuring where the parties are familiar with the company's affairs. The document provides sufficient protection for both parties while maintaining simplicity and ease of execution.

1. Parties: Details of the Seller and Purchaser, including full legal names, registration numbers (if companies), and addresses

2. Background: Context of the transaction, including details of the company whose shares are being sold and current shareholding

3. Definitions: Key terms used throughout the agreement, including 'Shares', 'Purchase Price', 'Completion Date', etc.

4. Sale and Purchase: Core transaction terms - number of shares being sold and agreement to sell/purchase

5. Purchase Price: Amount payable for the shares and payment terms

6. Conditions Precedent: Any conditions that must be fulfilled before the sale becomes effective

7. Completion: Details of when and how the transfer will take place, including completion obligations

8. Seller's Warranties: Basic warranties about share ownership, authority to sell, and company status

9. Tax Matters: Handling of Securities Transfer Tax and other tax obligations

10. Confidentiality: Obligations to keep the transaction and its terms confidential

11. Notices: How formal notices under the agreement should be given

12. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, etc.