This blog was co-authored by Eric Geldenhuys, candidate attorney at Norton Rose Fulbright South Africa
The Credit Adjustment Spread (CAS) is a term which is used to calculate and to factor in the difference between JIBAR and ZARONIA. The CAS calculation is a structured as separate component of the interest rate calculation. The CAS is
This blog was co-authored by Eric Geldenhuys, candidate attorney at Norton Rose Fulbright South Africa
The Daily Cumulative Compounded Rate (CCR) means the interest rate that is calculated at the end of the interest period. This single interest rate is applied for the whole interest period. The daily fluctuations are reduced over the calculation period
This blog was co-authored by Eric Geldenhuys, candidate attorney at Norton Rose Fulbright South Africa
The Observation Period refers to the period for which the Interest Period which has been moved or shifted back in whole by 5 Business Days. We can observe the published daily ZARONIA rate which applies to any current Business Day
This blog was co-authored by Eric Geldenhuys, candidate attorney at Norton Rose Fulbright South Africa
The proposed 2026 rate switch in South Africa from JIBAR to ZARONIA will have an impact on all cash transactions which previously applied JIBAR, as well as all JIBAR-linked transactions. ZARONIA is a daily risk free rate, unlike JIBAR which
This blog was co-authored by Eric Geldenhuys, candidate attorney at Norton Rose Fulbright South Africa
Markets globally have transitioned from USD LIBOR to the Secured Overnight Financing Rate (SOFR) and from British Pound Sterling LIBOR to the Sterling Overnight Index Average (SONIA). Following the global markets, South Africa is transitioning from JIBAR to the South
Contracts of carriage are fundamental to the transportation industry, serving as legally binding agreements between the carrier and the shipper. These contracts outline the rights, duties, and liabilities of both parties involved in the transportation of goods or passengers.
They typically cover aspects such as the nature of the goods or service, the route and
The respondent in this application brought by the Prudential Authority was sequestrated for unpaid amounts exceeding R2 million arising from her having conducted the business of a bank, namely acting as a conduit for money for a massive pyramid scheme. Section 11(1) of the Banks Act prohibits any person from conducting the business of a bank unless
The Medicines and Related Substances Act, 1965 allows the South Africa Health Products Authority (SAHPRA) to call up both medicines and medical devices for South African registration. Unlike medicines (which must be registered), SAHPRA has yet to call up medical devices for registration. This means that no medical device currently manufactured, imported, distributed, or sold
The Pretoria High Court recently dismissed a patient’s appeal against the HCPSA’s decision not to find a doctor guilty of unprofessional conduct.
The patient had lodged a complaint with the HPCSA alleging that the doctor had, despite knowing the patient’s history and risk factors, performed a coronary angiogram and caused the patient to suffer a
This blog was co-authored by Atish Dullabh, candidate attorney at Norton Rose Fulbright South Africa.
In June 2023, the Western Cape High Court ruled that a guarantor does not have an automatic right of recourse against a principal debtor to recover payment made to a beneficiary in terms of a guarantee. The ruling in this