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With the current economic status of South Africa, potential homeowners may be considering the “rent to buy” option which may be the only option for some, especially those who need time to build a good credit history or to save for a deposit.
With South Africa currently in lockdown, many of the major South African banks are offering payment holidays for their clients. The financial implications that follow in COVID-19’s wake are unmatched by any other crisis faced by our country and financial institutions have geared up to do their bit to help consumers get through these difficult times.
Many consumers and business owners are asking questions around whether a digital signature will be accepted when signing legal documents during the current lockdown.
In certain circumstances, potential sellers and/or purchasers may make use of the installment sale agreement method to buy or sell immovable property in South Africa.
Many South Africans are wondering how COVID-19 will affect their contractual obligations. Therefore, many companies and private individuals are reviewing their contracts and whether they can plead “force majeure”.
The Protection of Personal Information Act in South Africa was set to come into force as of the 1st of April 2020 but, due to the Coronavirus outbreak, it has been postponed until further notice.
Many consumers have been kept in the dark about the ins and outs of credit insurance in South Africa and how it can be particularly useful in the wake of COVID-19. If you have at any stage purchased something on credit, it’s likely that you have also purchased credit life insurance knowingly or unknowingly.
Although there has been much confusion around the lockdown rules in South Africa, there is one thing that has been made clear; running or exercising in your estate or complex is not permitted.
There are many areas of a will that, when not written correctly, can be misinterpreted. The result is your estate is not administered or distributed according to your wishes. This article is the final part of a two-part series that addresses how to write a will in South Africa and, most importantly, what mistakes to avoid.
The Property Practitioner’s Act is a brand-new piece of legislation that serves to replace the previous Estate Agency Affairs Act. This new Act sets out to regulate all affairs related to property practitioners in South Africa, as well as to provide for transformation in the property sector and to further support consumer protection.
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