Before you make a loan to anyone, be sure to comply fully with the strict requirements of the National Credit Act. If you don’t, you could lose your loan entirely, with a recent High Court decision providing a stark reminder of the consequences. The Court declared a R430,000 loan to have been “reckless lending”, leaving...Read More

You buy a second-hand vehicle and finance it through a bank. When you realise the vehicle is a complete lemon, you cancel the sale and return the vehicle. But the bank still wants its monthly instalments. We have good news for you. The Supreme Court of Appeal has just held that a bank in that...Read More