Prohibited practices in terms of the Competition Act
The purpose of the Competition Act 89 of 1998(“the Act”) is to promote the efficiency, adaptability, and development of the economy, and to ensure that small and medium-sized enterprises have equitable opportunities. Certain practices, including restrictive horizontal practices, restrictive vertical practices, and abuse of dominance, are prohibited in terms of the Competition Act. The Competition […]
Is an e-will valid in South Africa?
In terms of South African law, for a will to be accepted as valid by the Master of the High Court (a statutory body to which deceased estates are reported), it must comply with the legal formalities as set out in section 1(a) of the Wills Act, 7 of 1953 (hereinafter referred to as the Wills Act). The main requirements in terms […]
Finding an alternative resolution
Wikipedia’s definition of mediation is “a structured, interactive process where an impartial third-party assists disputing parties in resolving conflict through the use of specialised communication and negotiation techniques”. Mediation, when utilised in law, is a form of alternative dispute resolution. Parties that are involved in a dispute may choose the mediation process to resolve the […]
Don’t let your lawyer rip you off
13 November 2013 Hiring a law firm to wind up an estate and establishing the cost for services rendered is not as simple as it sounds, finds Angelique Ruzicka. There are a few professionals out there that will dodge the question: “So how much will it all cost?”. Usually it’s the professionals in the service […]
IMPACT OF THE POSSIBLE CREDIT AMNESTY & DEBT IMPAIRMENTS – ALTERNATIVE SOLUTIONS FOR HOME BUYERS
The possibility of the implementation of the announced Credit Amnesty, the R20 million penalty imposed on African Bank for reckless lending and the realisation that unsecured and short term lending was getting out of control, already had a severe impact in the property industry as lenders are tightening their purses. Consumers who rely on debt to make ends […]
NATIONAL FREE WILLS WEEK
The Law Society of South Africa aims to give back to the general public through various initiatives, one being the annual NATIONAL FREE WILLS WEEK. This year the FREE WILLS WEEK will be running countrywide from 7-11 October 2013. During this week, participating attorneys will draft basic wills free of charge. However, only a new […]
PROGRAMME TO HELP FIRST TIME HOME BUYERS
http://www.sowetanlive.co.za/incoming/2013/07/02/programme-to-help-first-time-home-buyers As posted in the Sowetan on 02 July 2013, CONSUMER Education is gaining momentum in all walks of life. Even students have embarked on campaigns to educate citizens in their neighbourhoods about their rights. One of the leading banks in South Africa seldom grant a home loan to the “affordable home loan” buyer, although […]
WINDS OF CHANGE
The global economic crisis has changed the way we do business. Like many businesses the banks have also had to look at their appetite for risk, how to allocate their limited financial resources while retaining their existing client base and keeping their shareholders happy. As Arnold Bennett so rightfully put it: “Any change, […]
