Not all companies registered in South Africa need to appoint an auditor. According to Section 90 of The Companies Act, 71 of 2008, only a Public Company or a State-owned company is required to appoint an auditor. For these two classes of companies the appointment of an auditor is mandatory and will always apply. However, in some instance you would need to appoint an auditor even if you are not a Public Company.
You can operate your business using a: - Sole Proprietorship (that is trading in your private capacity) - Partnership (that is in your private capacity with other individuals in the private capacity) - Business Trust - Private Company ((Pty) Ltd – Company with limited shares holders) - Public Company ((Pty) Ltd – Company with unlimited shares holders) - Personal Liability Company (Inc.) - External Companies (Branches of foreign companies)