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Many South Africans are currently feeling the pressure of the economic recession and looking for relief. However, it has now become more widely recognised that the solution contained in the National Credit Act 34 of 2005 (“NCA”) of debt counselling, has inherent limitations and flaws …
The Test for NCA Applicability The National Credit Act No. 34 of 2005 (“the NCA” or “Act”) has had a significant impact on transactions involving deferred payment and interest in South Africa. However, it has almost become trite law to refer to the interpretive challenges …
How Is A Private School To Deal With A Badly Behaved Parent? On the 17th June 2020 the highest court in South Africa gave judgment on the constitutionality of a private school ( some times referred to as an independent school) cancelling a contract for …
Business Rescue proceedings entail the process of attempting to rehabilitate financially distressed companies, and find their legislative authority in Chapter 6 of the Companies Act No. 71 of 2008 (“the Act”). Business Rescue is therefore an alternative legal route for a financially distressed company, as …