Find a South African Lawyer in SA's leading Legal Directory | southafricanlawyer.co.za

Legal Articles and Guides

Almost R100bn in mortgages on brink of distress

By Daily News Published on Monday, 06 May 2024
Tags: #Banking & Finance Law
SA’s biggest four banks have about R98bn home loans in the last stage before they're categorised as non-performing, which Standard Bank said showed the impact of high interest rates on consumers, reports BusinessLIVE.

Nedbank shut down 190 suspect client accounts

By Daily News Published on Monday, 22 April 2024
Tags: #Banking & Finance Law
Nedbank has revealed it has closed more than 190 suspect client accounts in 2023 due to reputational concerns. The bank revealed this in its 2023 integrated report, which was published on Thursday, according to Fin24.

Frustration over R1.35trn offshore inheritance fight delay

By Daily News Published on Wednesday, 17 April 2024
Tags: #Banking & Finance Law #Litigation
A claim by the Surtie family against the Public Investment Corporation (PIC), for the payment of R1.35trn linked to offshore inheritance funds, is on hold at the Constitutional Court.

BHI Trust claims top R1.64bn

By Daily News Published on Wednesday, 17 April 2024
Tags: #Banking & Finance Law #Insolvency Law #Litigation
Claims against the BHI Trust have topped R1.64bn and the figure is growing as court-appointed trustees try to unravel what police believe was an elaborate Ponzi scheme run by Craig Warriner, a St Stithians College old boy who worked his former school network with stunning effect, reports The Citizen.

Sasfin deflects R4.9bn SARS claim

By Daily News Published on Monday, 15 April 2024
Tags: #Banking & Finance Law #Litigation
Sasfin CEO Michael Sassoon says the money that was allegedly laundered and expatriated through the bank's foreign exchange unit was transferred from other banks.

No change in interest rates, but cuts looming

By Daily News Published on Thursday, 28 March 2024
Tags: #Banking & Finance Law
The Reserve Bank yesterday held interest rates as expected, saying headline inflation would now reach the 4.5% target only at the end of 2025, later than previously expected, reports BusinessLIVE.

MK questions timing of FNB action against Zuma

By Daily News Published on Tuesday, 19 March 2024
Tags: #Banking & Finance Law #Litigation
The Jacob Zuma-led uMkhonto weSizwe party (MK) has raised questions over the timing of the closure of the former President’s bank account by FNB, saying Zuma will be directly affected as his presidential pension is paid into one of the accounts.

FIC takes hard line on estate agents, law firms

By Daily News Published on Friday, 15 March 2024
Tags: #Banking & Finance Law
The Financial Intelligence Centre (FIC) is adopting a hard line with estate agents and legal practitioners who fail to provide requested information about their businesses, says a Business Day report.

End of the road for Habib Overseas Bank

By Daily News Published on Wednesday, 13 March 2024
Tags: #Banking & Finance Law #Insolvency Law
The embattled Habib Overseas Bank has been liquidated a year after the National Treasury placed it under curatorship over governance issues which included allegations that it flagrantly breached SA’s exchange control rules and facilitated money laundering activities.

SARS confirms R5bn Sasfin damages claim

By Daily News Published on Tuesday, 05 March 2024
Tags: #Banking & Finance Law #Litigation #Tax Law
SARS has confirmed it is suing Sasfin Bank for just shy of R5bn – more than half the bank’s balance sheet.

SARS claims R4.87bn from Sasfin for damages

By Daily News Published on Wednesday, 28 February 2024
Tags: #Banking & Finance Law #Litigation #Tax Law
SARS has issued Sasfin Bank with a summons for more than R4.87 bn in damages, plus interest and costs due to the unpaid taxes of former clients, reports Fin24.

Investors allegedly scammed by fake Musk adverts

By Daily News Published on Monday, 26 February 2024
Tags: #Banking & Finance Law #Litigation
An online trading platform that sponsors Bafana Bafana and UFC champ Dricus du Plessis has denied being behind a series of deepfake adverts featuring Elon Musk after customers complained about being hoodwinked to invest, reports Fin24.

Standard Bank's Sekunjalo appeal dismissed

By Daily News Published on Tuesday, 20 February 2024
Tags: #Banking & Finance Law #Litigation
In another triumph for Sekunjalo and its related companies in their long battle against some of SA’s biggest banks, Standard Bank’s leave to appeal a former ruling made on 14 September 2023 that prevented it from closing Sekunjalo’s various bank accounts, has been dismissed with costs.

Sekunjalo accounts will remain open

By Daily News Published on Friday, 16 February 2024
Tags: #Banking & Finance Law #Business & Industry Law #Constitutional Law #Litigation
In what The Star calls an undertaking that ‘popped out of the woodwork at 4pm’ in the Western Cape High Court yesterday, lawyers for Standard Bank said the bank accounts of the Sekunjalo Group of companies would remain open even if an interim interdict against the bank was not upheld.

Lawyers, estate agents receive grey list guidance

By Daily News Published on Friday, 16 February 2024
Tags: #Banking & Finance Law #General Legal Practice
The Institute of Estate Agents of SA (Ieasa) says it is actively engaging its agents to help them comply with the request by the Financial Intelligence Centre (FIC) for risk and compliance returns, reports BusinessLIVE.

Showing 1 to 15 of 384 results


Mentioned in