Legal Articles and Guides
Miner to lay charges over alleged share price manipulation
Copper 360, a junior miner reviving copper operations in the Northern Cape, plans to lay criminal charges against a particular entity that has been allegedly shorting its stock, reports Fin24.
Crypto promoter charged with fraud
The Benoni Magistrate's Court has set Gold Standard Bank (GSB) promoter Neil de Waal’s bail at R15 000 after he was charged with fraud.
BHI kingpins remanded in custody
The Hawks have detained Global and Local financial adviser Michael Adam Haldane and Rubicon Trust director Sona Pillay – who had attempted to flee the country – in connection with their alleged role in the R2.8bn BHI Trust Ponzi scheme.
Almost R100bn in mortgages on brink of distress
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
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
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
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
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
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
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
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
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
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
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
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.
