News & Articles

Are your Credit Application processes compliant?

Offering your products and services on credit can be a great way of attracting and retaining customers, but it can also lead to huge losses - even the complete shutdown of your business – when clients fail to follow through with their payments. Having a well drafted...

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The principles of share buyback agreements

A share repurchase agreement is used when a company buys its  shares back from one or more of its shareholders or investors. The buyback is also a tax-efficient way to return money to shareholders. Once shares are repurchased they are considered cancelled, but...

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THE IMPLIED WARRANTY IN TERMS OF THE CONSUMER PROTECTION ACT

Section 56 (2) of the Consumer Protection Act, No 68 of 2008 reads as follows: “Within six months after the delivery of any goods to a consumer, the consumer may return the goods to the supplier, without penalty, and at the supplier’s risk and expense, if the goods...

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HORSES FOR COURSES.

WHEN NOT TO INSTITUTE LIQUIDATION PROCEEDINGS AGAINST A CREDITOR. When a company is unable to pay its ordinary day-to-day liabilities, it would generally be considered insolvent.. It would be tempting to action liquidation proceedings against the debtor, but our...

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WHEN SETTLEMENT AGREEMENTS BECOME A CRIME

By Gabriel Smit Settlement agreements are a useful alternative to settling a dispute between parties without resorting to litigation or adjudication by a Court. Even if a process of litigation has commenced, the parties can settle the dispute between them before any...

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