by Paul Esselaar | Jun 26, 2023 | Legal Articles
According to the South African Government News Agency (SANews) the Financial Services Laws General Amendment Bill was tabled in Parliament last week. In short, ‘the Bill, which was released for public comment in March, addresses urgent issues in eleven financial...
by Paul Esselaar | Jun 26, 2023 | Banking and Finance Law, Legal Articles
The Financial Services industry is in a state of flux. The Financial Services Laws General Amendment Bill (FSLGAB) was tabled in parliament on 25 September 2012. The aim of the Bill is to ensure that ‘South Africa has a sounder and better regulated financial services...
by Paul Esselaar | Jun 26, 2023 | Legal Articles
South Africa has long been the wild west for direct marketers. Large databases of customer information are still being traded (often for startling sums of money) with no regard for the privacy of consumers (data subjects) or their right to know who has their personal...
by Paul Esselaar | Jun 26, 2023 | Area of Expertise, Banking & Finance Law, Legal Articles
In November 2021 the Supreme Court of Appeal provided a judgment (Bayport Securitisation Limited and Another v University of Stellenbosch Law Clinic and Others (507/2020) [2021] ZASCA 156 (4 November 2021)) which – surprisingly – seems to have largely gone...
by Paul Esselaar | Jun 26, 2023 | Legal Articles
After some time the Cybercrimes Act was signed into law on the 01 June 2021 although it has not come into force yet. Members of the public often get confused about this and ask: ‘How can it be an Act and not be in force?’. While it does not always happen,...
by Paul Esselaar | Jun 26, 2023 | Legal Articles
Around 2011 I was approached by a debtor who was recently retrenched and needed to get (free) legal advice. The debtor was massively over-indebted and had no assets at all. I proceeded to consider the three tools available to over-indebted people: administration...