Taking legal action: initiating process
Recovering outstanding amounts can be done effectively through various debt collection mechanisms.
Drafting and dispatching a letter of demand has become a...
The National Credit Act, Act 34 of 2005 (‘NCA’).
The provisions that prohibit reckless credit granting form part of the measures that were introduced by the...
The in duplum rule has been part of South African law for more than 100 years – translated, in duplum means ‘double the amount’. This common law rule provides that interest on a debt will cease to run where the total amount of arrear interest has accrued to an amount…
The majority of South Africans are using some form of credit or have access to some form of credit, whether by way of credit cards, clothing account credit cards, personal loans, etcetera. The National Credit Act 34 of 2005 (hereinafter referred to as “the NCA”) purports…
IMPORTANT CONSIDERATIONS
Mr X wants to finance a law tech start-up started by his son’s friend currently studying computer engineering at the University of Pretoria. Your...
It is our recommendation that this article is read in conjunction with an earlier piece published on Taurus Capital’s website, titled, the Interest Tax Shield,...
Introduction
Burial Societies and Funeral Parlours have an essential role in society. They provide a means of access to funeral cover to those who cannot afford...
The purpose of the National Credit Act, No.34 of 2005 (“NCA”) is to promote a fair and non-discriminatory marketplace for access to consumer credit and...
In this article we look at the legality of different kinds of penalties and legal fees imposed by sectional title bodies corporate against defaulting owners...
Under the National Credit Act, credit providers that have a total principal debt owed to them exceeding R 500 000.00, under all outstanding credit agreements...
The confusing definition of “instalment sale agreements” in the Act
In terms of the National Credit Act (“the Act”), an instalment agreement is defined as a...