Legal Articles and Guides
Judge lashes Standard Bank and its lawyers
A couple who fell into arrears on their home loan and were about to lose everything are breathing easier after KZN High Court judge ruled against Standard Bank, which was found to have made false allegations in its attempt to repossess the house.
Ambitious new plan for Johannesburg legal precinct
A new precinct is planned around the Gauteng High Court (Johannesburg) in yet another bid to fix the decayed CBD, and lure lawyers back from Sandton and Rosebank.
TymeBank strikes deal with Retail Capital
TymeBank has struck a deal with Retail Capital shareholders to acquire 100% of the SME-focused funder in order to roll out a new business banking offering, a move that will pit it against rival offerings from SA’s traditional big four lenders, as well as Sasfin, Capitec and African Bank.
Probe into Afristrat’s implosion
Almost all of the R1.5bn investment by JSE-listed Afristrat Investment Holdings Limited in Frankfurt-listed MyBucks SA, a microlender in several southern African countries that collapsed and is now in liquidation, has been lost.
Unlicensed forex trader goes offline
The Instagram site of Themba Selahle, better known by his social media name of ‘Grootman’, has been taken offline, days after SA's financial watchdog warned the public that he did not have a licence to trade foreign currency.
NPA drops Sharemax prosecution
The NPA has decided not to prosecute any individuals in connection with the implosion of the Sharemax investment scheme more than a decade ago.
Ruling boosts R60bn class action suit against NCR
An attempt by the National Credit Regulator (NCR) to suppress disclosure of a key piece of evidence showing how banks were repossessing homes and then selling them at auction – sometimes for less than 10% of their market value – was defeated in court last week.
Sekunjalo company's banking interdict bid fails
A company in Iqbal Surve’s Sekunjalo Group failed in an urgent court bid to prevent FNB from shutting its bank account on Wednesday, reports TimesLIVE.
Standard Bank cuts ties with Sekunjalo group
Standard Bank says it has decided to cut its ties to Cape Town businessman Iqbal Survé's Sekunjalo group following a ‘comprehensive client review process’, reports Fin24.
Cryptocurrency set to become a financial product
SA Reserve Bank (SARB) Deputy Governor Kuben Naidoo’s recent announcement that new cryptocurrency regulations are set to be implemented within the next 12 to 18 months, shows that cryptocurrency is being widely adopted and used in SA.
Reserve Bank to regulate crypto currencies
In the next 12 to 18 months, South Africans may be able to buy and sell listed crypto currencies on local exchanges, in a completely regulated environment, according to a Fin24 report.
Fugitive Ricardo Spagni appears in court
Crypto developer Riccardo Spagni, extradited from the US, has appeared in the Cape Town Regional Court after being arrested at OR Tambo International Airport, reports the Cape Argus.
SA in danger of joining financial grey list
SA is in grave danger of being added to a grey list of countries deemed as having insufficient measures in place to combat money laundering and terrorist financing – but the National Treasury says it is confident the country can perform a ‘miracle’ and avoid being ranked alongside Syria and Myanmar.
Standard Bank warns of new tax scam
Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
Treasury maintains crypto ban on retirement funds
National Treasury has maintained its ban on retirement funds investing in crypto assets and set a 45% limit on the portion of assets that can be allocated to infrastructure investments, reports BusinessLIVE.
