{"id":4527,"date":"2017-03-03T15:35:19","date_gmt":"2017-03-03T13:35:19","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=4527"},"modified":"2019-11-25T15:37:25","modified_gmt":"2019-11-25T13:37:25","slug":"property-law-update-issue-07-2017","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/","title":{"rendered":"Property Law Update | Issue 07 – 2017"},"content":{"rendered":"

BUYING A BUSINESS WITH A HOMELOAN: IS AFFORDABILITY MEASURED WITH REFERENCE TO BORROWER’S INCOME OR TO THE BUSINESS’ ESTIMATED PROFITS?<\/h2>\n

Wiese and Another v Absa Bank Limited (14580\/2013) [2017] ZAWCHC 12
\n(24 February 2017)<\/h3>\n

May a bank refer to the projected income of a separate commercial entity when assessing affordability of a personal loan for a consumer, in circumstances where the loan to be advanced to the customer is for the specific purpose of purchasing that commercial entity? The consumer here argued that the bank knew that his salary was insufficient to cover the instalments under the homeloan whilst the bank maintained that the estimated income of the franchise that the borrower intended to acquire with the loan, would be adequate to enable him to repay the loan.<\/p>\n

read more<\/strong>
\nThe Judgment<\/span><\/a>
\nSummary of the Judgment<\/span><\/a><\/p>\n

 <\/p>\n

STBB’S STSMA REFERENCE GUIDE<\/h2>\n

In this, the fifteenth set of notes for your STSMA Reference Guide, section 16 of the Act is discussed.<\/p>\n

read more<\/strong>
\nSection 16 of the Act – Appointment of Administrators<\/span><\/a>
\n(N.B. Print in landscape)<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

BUYING A BUSINESS WITH A HOMELOAN: IS AFFORDABILITY MEASURED WITH REFERENCE TO BORROWER’S INCOME OR TO THE BUSINESS’ ESTIMATED PROFITS? Wiese and Another v Absa Bank Limited (14580\/2013) [2017] ZAWCHC 12 (24 February 2017) May a bank refer to the<\/p>\n","protected":false},"author":36,"featured_media":2933,"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":[109],"tags":[],"class_list":["post-4527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-law-update"],"acf":[],"yoast_head":"\nProperty Law Update | Issue 07 - 2017 - 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-07-2017\/\" \/>\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=\"1 minute\" \/>\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-07-2017\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Property Law Update | Issue 07 – 2017\",\"datePublished\":\"2017-03-03T13:35:19+00:00\",\"dateModified\":\"2019-11-25T13:37:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/\"},\"wordCount\":176,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg\",\"articleSection\":[\"Property Law Update\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/\",\"name\":\"Property Law Update | Issue 07 - 2017 - STBB\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg\",\"datePublished\":\"2017-03-03T13:35:19+00:00\",\"dateModified\":\"2019-11-25T13:37:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#breadcrumb\"},\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#primaryimage\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg\",\"contentUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg\",\"width\":4288,\"height\":2848},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/property-law-update-issue-07-2017\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property Law Update\",\"item\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/category\\\/property-law-update\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Property Law Update | Issue 07 – 2017\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#website\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\",\"name\":\"STBB\",\"description\":\"Welcome to STBB - We deal with every legal matter\",\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-ZA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\",\"name\":\"STBB\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/STBB_logo_2025.png\",\"contentUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/STBB_logo_2025.png\",\"width\":218,\"height\":66,\"caption\":\"STBB\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/thebigsmallfirm\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\",\"name\":\"Maryna Botha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g\",\"caption\":\"Maryna Botha\"},\"description\":\"Maryna holds the BA, LLB, LLM degrees and is an Executive Consultant at the Cape Town branch of STBB. She is an admitted Attorney, Notary Public, Conveyancer and Insolvency Practitioner with many years of experience in the fields of property law, conveyancing and the laws relating to corporate compliance (especially in respect of the FICA and POPIA laws). Up until 2018 she was also head of the firm\u2019s national marketing portfolio. She is a seasoned public speaker and presenter, both in person and online. She is editor and co-writer for two pivotal publications in the South African real estate industry \u2013 the ABC of Conveyancing (JUTA) and Delport\u2019s South African Property Law and Practice (JUTA).\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/author\\\/maryna\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Property Law Update | Issue 07 - 2017 - STBB","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/","twitter_misc":{"Written by":"Maryna Botha","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#article","isPartOf":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/"},"author":{"name":"Maryna Botha","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/person\/623606b2022560795816523a4fd0bfec"},"headline":"Property Law Update | Issue 07 – 2017","datePublished":"2017-03-03T13:35:19+00:00","dateModified":"2019-11-25T13:37:25+00:00","mainEntityOfPage":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/"},"wordCount":176,"commentCount":0,"publisher":{"@id":"https:\/\/stbb.co.za\/dev2\/#organization"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#primaryimage"},"thumbnailUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2019\/10\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg","articleSection":["Property Law Update"],"inLanguage":"en-ZA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/","url":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/","name":"Property Law Update | Issue 07 - 2017 - STBB","isPartOf":{"@id":"https:\/\/stbb.co.za\/dev2\/#website"},"primaryImageOfPage":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#primaryimage"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#primaryimage"},"thumbnailUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2019\/10\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg","datePublished":"2017-03-03T13:35:19+00:00","dateModified":"2019-11-25T13:37:25+00:00","breadcrumb":{"@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#breadcrumb"},"inLanguage":"en-ZA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/"]}]},{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#primaryimage","url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2019\/10\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg","contentUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2019\/10\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg","width":4288,"height":2848},{"@type":"BreadcrumbList","@id":"https:\/\/stbb.co.za\/dev2\/property-law-update-issue-07-2017\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/stbb.co.za\/dev2\/"},{"@type":"ListItem","position":2,"name":"Property Law Update","item":"https:\/\/stbb.co.za\/dev2\/category\/property-law-update\/"},{"@type":"ListItem","position":3,"name":"Property Law Update | Issue 07 – 2017"}]},{"@type":"WebSite","@id":"https:\/\/stbb.co.za\/dev2\/#website","url":"https:\/\/stbb.co.za\/dev2\/","name":"STBB","description":"Welcome to STBB - We deal with every legal matter","publisher":{"@id":"https:\/\/stbb.co.za\/dev2\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/stbb.co.za\/dev2\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-ZA"},{"@type":"Organization","@id":"https:\/\/stbb.co.za\/dev2\/#organization","name":"STBB","url":"https:\/\/stbb.co.za\/dev2\/","logo":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/logo\/image\/","url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2025\/06\/STBB_logo_2025.png","contentUrl":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2025\/06\/STBB_logo_2025.png","width":218,"height":66,"caption":"STBB"},"image":{"@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/thebigsmallfirm"]},{"@type":"Person","@id":"https:\/\/stbb.co.za\/dev2\/#\/schema\/person\/623606b2022560795816523a4fd0bfec","name":"Maryna Botha","image":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/secure.gravatar.com\/avatar\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1cdf8e2f49c4e41ac351107142c7f79f4202140e092ab90b6a3bbac38861eb79?s=96&d=mm&r=g","caption":"Maryna Botha"},"description":"Maryna holds the BA, LLB, LLM degrees and is an Executive Consultant at the Cape Town branch of STBB. She is an admitted Attorney, Notary Public, Conveyancer and Insolvency Practitioner with many years of experience in the fields of property law, conveyancing and the laws relating to corporate compliance (especially in respect of the FICA and POPIA laws). Up until 2018 she was also head of the firm\u2019s national marketing portfolio. She is a seasoned public speaker and presenter, both in person and online. She is editor and co-writer for two pivotal publications in the South African real estate industry \u2013 the ABC of Conveyancing (JUTA) and Delport\u2019s South African Property Law and Practice (JUTA).","url":"https:\/\/stbb.co.za\/dev2\/author\/maryna\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/stbb.co.za\/dev2\/wp-content\/uploads\/2019\/10\/yoosun-won-6Lm3EcOXYGY-unsplash.jpg","_links":{"self":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/4527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/comments?post=4527"}],"version-history":[{"count":1,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/4527\/revisions"}],"predecessor-version":[{"id":4528,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/posts\/4527\/revisions\/4528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/media\/2933"}],"wp:attachment":[{"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/media?parent=4527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/categories?post=4527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stbb.co.za\/dev2\/wp-json\/wp\/v2\/tags?post=4527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}