{"id":37761,"date":"2024-11-14T14:00:30","date_gmt":"2024-11-14T12:00:30","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=37761"},"modified":"2024-11-14T14:00:30","modified_gmt":"2024-11-14T12:00:30","slug":"property-law-update-issue-25-2024","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-25-2024\/","title":{"rendered":"Property Law Update | Issue 25 – 2024"},"content":{"rendered":"

CYBERCRIME: DEBTOR TO SEEK OUT HIS CREDITOR<\/h4>\n

Gripper & Company (Pty) Ltd v Ganedhi Trading Enterprises CC<\/em> (4725\/2024) [2024] ZAWCHC 352 (6 November 2024)<\/p>\n

Cybercrime is rampant. Schemes that divert money legitimately owed to one person to unauthorised bank accounts \u2013 without the knowledge of either party \u2013 are common. So too is the litigation that follows the innocent parties\u2019 efforts to determine who should bear the risk of the loss. In this matter, the court confirmed that principles extracted from applicable case law have now crystallised into a recognition in our law that it is the debtor\u2019s obligation to \u2018seek out his creditor\u2019. Until payment is duly effected, the debtor carries the risk that the payment may be misappropriated or mislaid, unless the facts support another outcome.<\/p>\n

The judgment can be viewed here<\/a>
\nSummary of the Judgment<\/a><\/p>\n

ARE YOUR INITIALS ALSO YOUR SIGNATURE?<\/h4>\n

Firstrand Bank Limited v Initiative for Specialized Resource Management (Pty) Ltd and Others<\/em> (046733\/2023) [2024] ZAGPPHC 987 (26 September 2024)<\/p>\n

Billion Property Developments v Nevzomark (Pty) Ltd and Another<\/em> (2023\/104985) [2024] ZAGPPHC 1045 (13 October 2024)<\/p>\n

In two judgments handed down by the Pretoria High Court within two weeks of each other, the same question had to be answered, namely whether initialing a suretyship satisfies the legal requirement that a suretyship must be signed to be valid. Both courts came to the same conclusion, answering in the affirmative, though for different reasons. The outcome will not be the same in all instances, however, and the courts\u2019 reasoning below highlights factors that our courts must consider in these enquiries. It remains necessary to apply caution, as outcomes will vary depending on the circumstances.<\/p>\n

The first listed judgment can be viewed here<\/a>
\nThe second listed judgment can be viewed here<\/a>
\nSummary of the Judgment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CYBERCRIME: DEBTOR TO SEEK OUT HIS CREDITOR Gripper & Company (Pty) Ltd v Ganedhi Trading Enterprises CC (4725\/2024) [2024] ZAWCHC 352 (6 November 2024) Cybercrime is rampant. Schemes that divert money legitimately owed to one person to unauthorised bank accounts<\/p>\n","protected":false},"author":36,"featured_media":3170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[93,137,109],"tags":[],"class_list":["post-37761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-published-property-law-and-conveyancing","category-latest","category-property-law-update"],"acf":[],"yoast_head":"\nProperty Law Update | Issue 25 - 2024 - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-25-2024\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2024\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Property Law Update | Issue 25 – 2024\",\"datePublished\":\"2024-11-14T12:00:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2024\\\/\"},\"wordCount\":285,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-25-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/luca-bravo-210213-unsplash-1_banner.jpg\",\"articleSection\":[\"Articles Published - 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