Legal Articles and Guides
Survé to approach tribunal over ‘abusive’ banks
The Sekunjalo Group will urgently approach the Competition Tribunal in a bid to prove that the banks are abusing their dominance in the sector.
Survé takes on banks over Sekunjalo ‘collusion’
Sekunjalo Group executive chairman Dr Iqbal Survé is preparing a series of legal actions against SA's banks whom he said claim reputational risk despite being guilty of misconduct at times.
Company directors charged with R21m fraud
Helping Hand Invest directors Leon Lewitton and Michael Rathbone failed to register the company they allegedly used to swindle people out of millions, despite promising massive interest and returns for their investments, reports HeraldLIVE.
Dubious Sekunjalo transfers questioned
For the first time, court proceedings have exposed some of the internal workings of Iqbal Survé's empire. As previously reported, his personal bank accounts are in the process of being terminated by Nedbank along with the business accounts of 43 entities related to the broader Sekunjalo Group.
Now Nedbank pulls the plug on Survé
The personal bank accounts of Sekunjalo CEO Iqbal Survé are in the process of being terminated by Nedbank along with the business accounts of 43 entities related to the broader Sekunjalo Group.
VBS Bank creditors start receiving payments
More companies and municipalities whose money went up in smoke when VBS Mutual Bank went under will be getting some payment back.
FSCA issues warning on crypto exchanges
The Financial Sector Conduct Authority yesterday issued two notices warning against the use of two crypto exchanges, reports Fin24.
Another arrest in Absa heist case
The Hawks have arrested a third person believed to be part of a group which stole R103m from Absa.
The Commercial Advantages Of Using Special Notarial Bonds As A Form Of Security
The current Covid-19 Pandemic has definitely required a new approach to business by various institutions. Life has seasons, and as a business owner, one must remain innovative and always think of possible financial options for one’s future.
Standard Bank addresses data breach delays
Standard Bank has said it took several days to disclose the latest data breach on its LookSee platform because its immediate focus was to get to the bottom of the issue first and establish how serious it was.
FNB sued over rapid-fire withdrawals
FNB faces a court fight after failing to sound the alarm when R1.2m in cash was withdrawn from a bank account in two days.
Battle for control of MTI estate heats up
The struggle for control over the multi-billion rand Mirror Trading International (MTI) estate is heating up with a bid of some 2 000 investors to remove the liquidators, Rapport reports.
Daughter loses bid to represent father
Lynn Akers has lost the battle to represent her parents in a Western Cape High Court bid to set aside Standard Bank’s repossession of their property after they defaulted on the loan.
Bank guilty of reckless lending
While it previously staved off allegations of reckless lending, Capitec Bank has been found guilty of the practice. A Cape Times report says the Mpumalanga High Court (Middelburg) has ruled that the bank lent nearly R100 000 to an employed but over-indebted man without due diligence.
