Thought Of The Week Archives - Page 19 of 33

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Thought of the Week | Your will and your worldwide assets

In the past 50 years or so, people and capital have become more mobile and often, along with this new global citizenship, comes ownership of assets in foreign countries. South Africans with offshore assets should seek professional assistance to determine

Thought of the Week | NCA Amendment: Why so controversial?

The controversial National Credit Amendment Bill was signed into law last week. It provides for special debt relief measures for over-indebted consumers who earn R7 500 per month or less and whose unsecured debt does not exceed R50 000. These

Thought of the Week | Thinking Of Eloping Or Hosting A Destination Wedding?

Eloping or having a ‘wedding for two’ are on the increase and for many it is now the preferred choice. What’s not to love about saying your “I do’s” before a select few on the white sand beaches of Mauritius

Thought of the Week | One Wrong Does Not Justify Another

It is a well-established principle of our law that you may not take the law into your own hands. A landlord, for example, may not simply change the locks to premises rented in a dispute with the non-paying tenant; or

Thought of the Week | Liable for the suretyship that your spouse signed for his company?

In commercial transactions it is common for one contracting party to require from the other to provide personal suretyship as security for the performance of the obligations under the agreement. Whilst the persons providing the suretyship often have no objection

Thought of the Week | Domestic Workers Victory

According to Statssa, South African households employ approximately one million domestic workers. As a vulnerable employee group, government has over the years developed labour laws to provide protection to these employees. Although much has been done to include domestic workers

Thought of the Week | To Appeal Interim Relief (Rule 43) In Divorce Matters

A ”Rule 43 application” is an application for interim (provisional) relief in divorce matters. It allows a party to a divorce to seek interim relief from the court in respect of maintenance, care and contact with a child and a

Thought of the Week | Can I Change My Mind After Signing A Contract?

John is eager to secure accommodation at university for his daughter and concludes a lease agreement for a flat near campus. Before commencement of the academic year, she has a change of heart and decides to pursue studies at a

Thought of the Week | Suretyship and a Spouse’s Consent

ARE THERE DEFENCES TO LIABILITY UNDER A SURETYSHIP IN A MARRIAGE IN COMMUNITY OF PROPERTY? Strydom executes an unlimited suretyship in favour of Engen for the debts incurred by Soutpansberg Petroleum, a company of which he was a director. He

Thought of the Week | The Tenant’s Deposit

WHILST PAYMENT OF A DEPOSIT IS NOT A VALIDITY REQUIREMENT, CERTAIN RULES APPLY IF A DEPOSIT IS AGREED UPON IN A LEASE In lease agreements relating to residential property, the landlord is obliged by the Rental Housing Act to place