Engelsman Magabane Incorporated

July 2024

Engelsman Magabane Incorporated Blog Graphics Electronic Signatures
Legal Compliance, Legal Updates, Technology

Demystifying Electronic Signatures: A South African Perspective

In today’s digital age, conducting business electronically is not only convenient but often the preferred method. This shift necessitates a clear understanding of how electronic agreements hold weight in the eyes of the law. South Africa’s Electronic Communications and Transactions Act (Act 25 of 2002) (“the Act”) plays a crucial role in defining electronic signatures and their validity.

Engelsman Magabane Incorporated Blog Graphics Antenuptial Agreement
Antenuptial & Postnuptial Agreements, Drafting Agreements

Don’t Let Love Overshadow Legal Considerations: The Importance of Antenuptial Contracts

Engelsman Magabane Incorporated understands that wedding bells and happily-ever-after dreams take center stage during your engagement. However, amidst the whirlwind of planning, it’s crucial to consider the legal implications of marriage. An antenuptial contract (ANC), though not the most romantic topic, can safeguard your financial interests and provide peace of mind in the long run.

Engelsman Magabane Incorporated Blog Graphics Standard Bank
Banking and Finance Law, Debt Management, Insolvency, Legal Updates

Standard Bank Loses Home Loan Case: A Reminder on Bonds and Prescription for Engelsman Magabane Incorporated

Engelsman Magabane Incorporated brings to your attention a recent case heard by the Pretoria High Court which offers valuable insights for both lenders and borrowers. The case involved Standard Bank suing two sureties, Aubrey Schneider and Stephen Zagey, for an outstanding home loan balance.

Engelsman Magabane Incorporated Blog Graphics Online Renting
Consumer Protection Law, Property Law

Renting in a Digital Age: Understanding the New Online Rental Platform Regulations

Finding a new place to live can be a daunting task in South Africa’s ever-evolving rental market. Online rental platforms have become increasingly popular, offering convenience and wider reach. However, with this newfound ease comes the need for proper regulations. Recently, South Africa introduced new regulations governing online rental platforms, aimed at protecting tenants and ensuring a fair rental experience. At Engelsman Magabane Incorporated, we’re here to decode these regulations and empower you as a tenant in the digital age.

Banking and Finance Law, International Law

Important Update: Sending Money to Lesotho, Eswatini, and Namibia via EFT to End in September

South Africans who regularly send or receive money from Lesotho, Eswatini, and Namibia will need to find alternative methods as Electronic Funds Transfers (EFT) between these countries will be discontinued from September 9th, 2024. This change, originally planned for April, was extended due to intervention by the Bank of Namibia. The Backstory: The Common Monetary Area (CMA) Decision The Common Monetary Area (CMA), comprising South Africa, Lesotho, Eswatini, and Namibia, has decided to stop processing EFT payments within the region. This means: Alternatives for Sending and Receiving Money South African banks are advising customers to utilize alternative methods for cross-border transactions after September: Potential Impact This change is likely to disrupt businesses and families in the region due to: A Look at the Numbers Engelsman Magabane Incorporated: Here to Help Engelsman Magabane Incorporated understands the potential challenges these changes may bring. We can assist you with: Stay Informed, Stay Connected While this change presents hurdles, new solutions are emerging. We encourage you to stay informed and explore alternative options to ensure your cross-border financial needs are met.

Engelsman Magabane Incorporated Blog Graphics Consumer Protection
Consumer Protection Law, POPI

Data Privacy Update: What the New POPI Amendment Means for You

The Protection of Personal Information Act (POPI) has been a cornerstone of data privacy in South Africa since 2013. Recently, amendments were introduced to strengthen its effectiveness and further empower individuals with control over their personal information. At Engelsman Magabane Incorporated, we’re committed to keeping you informed about these changes and how they impact your rights.

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