South Africa and global insurance, financial institutions, banking and general law know–how
Climate change is no longer a future threat. The associated risks have already had a devastating impact on the financial sector.
Financial institutions are financially exposed to the physical risks associated with more frequent severe weather events, as well as the transition risks associated with the changes necessary to achieve a low-carbon economy. Mortgage, commercial…
The Supreme Court of Appeal (SCA) in Investec Bank Limited v Erf 436 Elandspoort (Pty) Ltd and Others gave useful examples of what constitutes a tacit acknowledgement of liability (which interrupts the running of prescription of a debt in terms of section 14 of the Prescription Act 1969). The case involved a debt related to…
The Supreme Court of Appeal held that a public authority may not exercise powers which are not given to it by the express wording of its empowering statute.
The relevant empowering provision in the Medical Schemes Act gives the Registrar the power to decide whether a medical scheme’s proposed name is likely to mislead the…
