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Banking and Finance Law, International Law

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

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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.

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Consumer Protection Law, POPI

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

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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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Road Accident Fund

The Road Accident Fund: Navigating Proposals for Claim Thresholds

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South Africa’s Road Accident Fund (RAF) provides compensation to victims of car accidents. However, the system is overburdened, leading to lengthy claim processing times. To address this challenge, there have been recent proposals to introduce thresholds for claiming compensation from the RAF. Here, we explore the arguments for and against thresholds and their potential impact.

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Notarial Services, Wills

From Paper Stacks to Secure Servers: How Digitizing Notarial Deeds Streamlines the Process

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For centuries, notarial deeds, crucial documents for property transactions and other legal matters, have existed solely in physical form. However, the tide is turning towards digitization, and the benefits for both legal professionals and the public are significant. Here’s how the digitization of notarial deeds is revolutionizing efficiency and accessibility.

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Mining Law

Minding the Earth, Engaging Communities: How New Mining Regulations Prioritize Environmental Protection

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The mining industry plays a vital role in South Africa’s economy, but its impact on the environment and surrounding communities cannot be ignored. In response to these concerns, recent mining regulations place greater emphasis on environmental protection and community engagement. Here, we explore these crucial changes and how they can lead to a more sustainable mining future.

Medical Negligence

The Rise of Telemedicine: Ensuring Informed Consent in the Virtual Doctor’s Visit

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Telemedicine, the use of telecommunications technology for remote healthcare consultations, is rapidly transforming the medical landscape. While offering convenience and accessibility, telemedicine also presents unique challenges regarding informed consent. Here, we explore the legal considerations for ensuring informed consent in the age of virtual doctor visits.

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