Class Activity 1: Explain the structure and roles of the different types of organisations. Identify and name the various types of organisations in South Africa and provide a brief description of each:

Here are the various types of organisations in South Africa with a brief description of each:

1. Private Companies (Pty Ltd):

   • Owned by private shareholders, typically limited to 50.
   • Their name ends with "Pty Ltd".
   • Common for small to medium-sized businesses.
   • Shareholders' liability is limited to their investment.
   • Example: Checker Pty Ltd.

2. Public Companies (Ltd):

   • Shares are offered to the public and traded on a stock exchange.
   • No limit on the number of shareholders.
   • Their name ends with "Ltd".
   • Shareholders' liability is limited to their investment.
   • Example: Shoprite Holdings Ltd.

3. Sole Proprietorship:

   • Owned and run by one individual.
   • The owner and the business are legally inseparable.
   • The owner has unlimited personal liability for business debts.
   • Easy and inexpensive to set up.

4. Partnership:

   • Two or more individuals agree to share in the profits or losses of a business.
   • Partners typically have unlimited personal liability for business debts.
   • Governed by a partnership agreement.