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 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