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. That's 2 down. 3 left today — send the next one.