True. In South Africa, the Companies Act reflects the principle that the incorporation of a company is a privilege rather than an inherent right. This means that while individuals can apply to incorporate a company, the process is subject to certain regulations and conditions as set out in the Companies Act. The authorities have the discretion to approve or deny applications based on compliance with legal requirements.
the companies act reflects the principles that the incorporation of a company is th privilege rather than a right in south africa
true or falss
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