Brett Bentley

Does your Business have to Register as a Credit Provider in terms of the National Credit Act?

In this video, Brett Bentley explores the registration requirements for a business tobe required to register as a credit provider in terms of the befuddling SouthAfrican National Credit Act. Section 40 (1) of the National Credit Act , “ A person must apply to be registered as a credit provider if the total principal debt …

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How is a Surety’s Right of Recourse Affected by the Business Rescue of the Principal Debtor?

Business Rescue and Suretyships With the introduction of business rescue in terms of Chapter 6 of the Companies Act No. 71 of 2008, one of the areas of contention has been its affect on the suretyships of the company in business rescue. The legal consensus seems to have been reached that: although a suretyship is …

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