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 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 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.
For South Africans of Muslim faith, ensuring their financial affairs align with Islamic principles is a critical aspect of estate planning. Engelsman Magabane Incorporated understands the importance of Sharia-compliant financial instruments like wills and trusts. Here, we explore recent legal developments shaping their recognition in South Africa’s legal landscape.
When a business encounters financial difficulties, navigating the path forward can be overwhelming. South Africa offers two primary options for insolvent companies: Business Rescue and Liquidation. At Engelsman Magabane Incorporated, we understand the complexities of both processes and can help you choose the most suitable course of action for your company.
The landscape of eviction in South Africa has shifted with recent amendments to the Eviction Act. At Engelsman Magabane Incorporated, we understand these changes can be confusing for both landlords and tenants.
Blended families, formed through second marriages or partnerships, bring immense joy but also unique estate planning challenges. Recent court rulings in South Africa highlight the importance of revising your estate plan to ensure fair and clear distribution of assets, especially when stepchildren are involved. Engelsman Magabane Incorporated can help you navigate these complexities and create a plan that reflects your wishes for your blended family.
Traditionally, wills have focused on tangible assets like property and possessions. However, the digital age has introduced a new category: digital assets. These can include:
Cryptocurrency holdings
Online accounts (social media, email, etc.)
Digital content (e-books, music, photos)
Domain names and website ownership
For many, the image of a legally binding agreement still conjures up a document with a wet ink signature. However, South Africa’s legal landscape is embracing the digital age, and electronic signatures (e-signatures) are now a recognized and secure way to validate agreements. At Engelsman Magabane Incorporated, we want to ensure our clients understand this evolving legal landscape and its implications for drafting agreements.
The process of property transfer, known as conveyancing, is a crucial step in any real estate transaction. South Africa’s conveyancing landscape is constantly evolving, with recent changes aiming to streamline the process, improve transparency, and enhance consumer protection.
