FINANCIAL LITERACY

The importance of financial literacy in buying and owning a home – flowing from the comments by Pravin Gordhan Finance Minister Pravin Gordhan launched a strong attack on financial institutions, which he referred to as “greedy monsters” that put profits before the wellbeing of the people they are supposed to serve  The problem He referred mainly to the economic […]

WHO IS REALLY ENTITLED TO THE BENEFITS UNDER A LIFE INSURANCE POLICY?

In the back of my mind I can still hear my Financial Advisor stating the importance of nominating a beneficiary for my life insurance policy.  Nominating a beneficiary on your policy assures you of where the sum assured (the amount for which insurance was taken out) will go after your passing, instead of just being pooled together […]

THE ESSENTIALIA OF PARTNERSHIPS

The essentialia of a partnership were set out in the case Joubert v Tally and Company 1915 some time ago.  The four essential elements are: 1)     Each partner contributes something to the partnership, whether it be money, skills or labour. 2)     The business should be carried on for the joint benefit of the partners 3)     The objective of […]

MORTGAGE BONDS: IS THE TIFFSKI JUDGMENT A BANK’S WORST NIGHTMARE?

A recent judgment handed down by the Supreme Court of Appeal on 30 September 2011 has laid bare the effects of non-compliance with the requirements of Section 34 of the Insolvency Act and should arguably sent shivers down every buyer, banker’s and conveyancing attorney’s spine. Not only was the sale and transfer of the assets […]