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Central to the purpose of the Consumer Protection Act 68 of 2008 (the CPA), is to ‘promote a fair, accessible and sustainable marketplace for consumer products and services and for that purpose to establish national norms and standards relating to consumer protection, to provide for improved standards of consumer information, to prohibit certain unfair marketing and business practices…’
Read More ...Posted by Cor van Deventer on Monday, May 23, 2022 Views: 19
Agreements/contracts are part of everyday life and each time parties transact, it would be the culmination of their consensus to do so. With the exception of a few (alienation of land, deed of suretyship), contracts may legally be concluded verbally. However, it is advisable for parties to reduce agreements into writing for ease of reference as it is much easier to resolve disputes by referring to the terms of the contract itself.
Read More ...Posted by Cor van Deventer on Monday, May 23, 2022 Views: 10
As businesses move to recover from the effects of the Covid-19 pandemic, in some way consumers are getting the better end of the bargain. A good number of shops and suppliers are offering sales, discounts and specials to get an upper hand over their competitors and gain a substantial share in the market. While this may definitely be pocket friendly for the average shopper/consumer, the need to scrutinise the terms and conditions upon which these bargains come is ever important.
Read More ...Posted by Cor van Deventer on Monday, May 23, 2022 Views: 11
The Reserve Bank of South Africa (SARB) recently announced that the Monetary Policy Committee (MPC) had decided to raise the repo rate by 50 basis points, to 4.75% with effect from the 20th of May 2022. This is a departure (though not shocking) from a trend that the market had got accustomed to, where the rate mostly fluctuated on a quarter point basis.
Read More ...Posted by Cor van Deventer on Friday, May 20, 2022 Views: 28