Proposed Expropriation Bill

Proposed Expropriation Bill WHAT CHANGES HAVE BEEN MADE TO THE PROPOSED EXPROPRIATION BILL? The Expropriation Bill 2020 (the Bill) was submitted to Parliament on 9 October 2020. It is set to replace the Expropriation Act of 1975 as that Act is inconsistent with the...
New Property Act affects Franchising

New Property Act affects Franchising

New Property Act affects Franchising The Property Practitioners Act, no 22 of 2019 (the Property Act), was signed into law by President Cyril Ramaphosa on the 3rd of October, 2019, which replaces the Estate Agencies Affairs Act, no 112 of 1976. In the Property...
Change in the Prescribed Rate of Interest

Change in the Prescribed Rate of Interest

Change in the Prescribed Rate of Interest Change in the Prescribed Rate of Interest If two or more parties conclude an agreement, such agreement may stipulate the interest rate that a party must pay on a debt in the event of timeous non-payment. If the other party is...
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