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.
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.
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.
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.
Calling all South African online shopping enthusiasts! The way you buy clothes from international retailers is about to change. The South African Revenue Service (SARS) is introducing new import tax regulations, and it’s important to understand how they’ll affect your shopping experience.
Engelsman Magabane Incorporated is here to keep you informed about the upcoming personal income tax filing season. The South African Revenue Service (SARS) is committed to making tax compliance easier for individuals, and they’ve implemented several key changes for the 2024 filing season.
Living in a community like a sectional title scheme requires a certain level of harmony. However, disagreements inevitably arise. Fortunately, South Africa offers alternative dispute resolution (ADR) mechanisms to resolve sectional title disputes efficiently and amicably before resorting to litigation.
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.
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.
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.
