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Payment within 30 (thirty) days from date of invoice has become as scarce as the rain in Cape Town. It has become increasing difficult for debtors to pay timeously and regularly. Whilst some debtors are quick to communicate their challenges and opt for restructuring or …

The Department of Basic Education released the Draft Basic Education Laws Amendment Bill on the 13th October 2017 , calling for comments by the 10 November 2017. The Bill covered many aspects covering the administration of public schools but as a firm that deals with …

The Prescribed Rate of Interest Act (Act 55 of 1975) sets the maximum rate of interest that can be charged on mora interest (over-due payment) and is also used in court orders relating to damages claims. Mora interest applies where payment is due and the …

In October of last year the Department of Justice and Constitutional Development published a draft Debt Collectors Amendment Bill. The main amendment to the Debt Collectors Act was the proposed inclusion of attorneys into the ambit of the Act. As I had not seen any research …