Group Restructuring Guide

Structure is a decision, not an accident.

Most groups grow by addition: a company for each new idea, a property bought in whichever name was convenient. Over time the structure stops reflecting how the business works, and starts creating risk. This guide explains how to review a group, the common target designs, and the order in which restructuring should be carried out. It is for owners, families and boards of private groups.

What it covers

1. Signs a group needs restructuring
2. Mapping the current structure
3. Target designs
4. Hub-and-spoke in detail
5. Tax, duty and legal checks
6. Implementation sequence
7. Pitfalls
8. Readiness checklist

About this guide

Written by the BlackLeaf team, this is the 2026 edition: 11 pages, free to read online or download as a PDF. It is general information for South African owners, boards and families, and is not legal, tax or investment advice. Speak to a qualified adviser before you act on it.

How BlackLeaf can help

BlackLeaf advises owner-managed and mid-market groups on capital structure, group architecture, valuation methods and shareholder arrangements.

Corporate advisory and valuations