The National Credit Act regulates all credit agreements where the receiving party is a natural person or a juristic person (i.e. a company or a trust) that has an annual turnover or an asset value of less than R1,000,000.00. In such circumstances the National Credit...
In legal and official processes, certain documents are required to be notarised to ensure their authenticity and validity. In South Africa, this process is handled by a Notary Public, a specially qualified legal professional who holds additional authority beyond that...
In a recent Supreme Court of Appeal decision [1], the court dealt with a scenario in which Nedbank Limited had entered into a loan agreement with a trust. In terms of the Trust Deed, for the trust to do business it was a requirement that there should be no fewer than...
When a sectional title complex is first registered, an automatic consequence is that a Body Corporate is automatically formed, and all owners of sectional title units must become members of the Body Corporate. The Body Corporate is then obliged to run the affairs of...
Municipal by-laws vary from municipality to municipality. With this in mind, the collection of debts (and the policy around such collection) in respect of services rendered by a municipality are specifically connected to the by-laws of that municipality. When Can...
