24 01, 2019

The Most Common Excuses That Debtors Make

2019-01-24T11:54:31+00:00January 24th, 2019|Commercial Law, Debt Collection|0 Comments

As a creditor, it is important that you identify whether or not the debtor is having cash flow issues. If you quickly determine that the debtor is unable to pay their dues, then you can use the time to contact a debt collection agency or debt collection lawyer. There are a few telltale signs that [...]

24 01, 2019

Debt Collectors Amendment Bill Sees Adversity

2019-01-24T11:53:29+00:00January 24th, 2019|Commercial Law, Debt Collection|0 Comments

The Debt Collectors Amendment Bill, 2016, which threatens the professions of a number of attorneys and debt collectors may be passed as law in South Africa unless the public mounts a significant challenge against the Bill. The Law Society of South Africa (LSSA) has stepped up to the plate to voice its concerns and challenge [...]

24 01, 2019

Amendments To The National Credit Act

2019-01-24T11:45:27+00:00January 24th, 2019|Commercial Law, Debt Collection, Insolvency|0 Comments

Last year saw a few amendments to the National Credit Act in South Africa. Were you aware? Do you have an idea as to what it means to you, the consumer? You need to make sure that you know where you stand with regards to the Act so that you are not abused by any [...]

23 01, 2019

Debt Collection Process Before Contacting A Debt Collection Attorney

2019-01-23T10:29:50+00:00January 23rd, 2019|Commercial Law, Debt Collection|0 Comments

Before contacting a debt collection attorney, ensure that your business follows a regulated schedule with regards to dealing with customers and expecting payments for good or services rendered. If you are running a small to medium sized business, make sure you adhere to the following steps when it comes to collecting monies due, BEFORE contacting [...]

23 01, 2019

Why Credit Assessment Is Necessary By Credit Providers

2019-01-23T08:53:20+00:00January 23rd, 2019|Commercial Law, Debt Collection|0 Comments

In a day and age where thousands of consumers are inundated with bad credit in South Africa, it is important that credit providers take the necessary steps to ensure that they do not offer credit to anyone unless they perform a credit assessment on that person’s ability to repay his debt. A simple measure that [...]

23 01, 2019

Mediation Preferred In Dispute Resolution

2019-01-23T08:41:39+00:00January 23rd, 2019|Commercial Law, Debt Collection|0 Comments

A recent trend in dispute resolution, the world over, is the gaining popularity in mediation. Mediation is slowly becoming the preferred resolution practice with mediators facilitating negotiations between parties in a number of fields all across the globe. Mediation is becoming common practice in the business field. As more businesses are feeling the pinch due [...]

29 10, 2018

Municipality Penalizes Businesses In Debt

2018-10-29T09:41:37+00:00October 29th, 2018|Commercial Law, Debt Collection|0 Comments

The South African Local Government Association (SALGA) revealed their plans to penalize local businesses who have not paid their taxes. South Africa has 278 municipalities who are owed more than R25 billion in taxes, and with so many businesses in arrears, it is a serious drain to the state coffers. In an effort to turn the [...]

29 10, 2018

South Africa’s High Economic Crime Rate

2018-10-29T09:37:30+00:00October 29th, 2018|Commercial Law, Debt Collection|0 Comments

The Global Economic Crime Survey, a study provided by PricewaterhouseCoopers, has provided information regarding the current trends and hotspots of economic crime. Unfortunately, South Africa suffers one of the highest rates of economic crime in the world. Currently, the rate of economic crime in the country doubles that of the international average, even when compared [...]

21 09, 2018

Municipal Job Cards Used In Debt Collection

2018-09-21T13:00:44+00:00September 21st, 2018|Commercial Law, Debt Collection|0 Comments

The contractor who is responsible for the installation, repairing, maintenance and/or removal of either an electricity meter or a water meter on every property in South Africa is required to fill in an official job card. This municipal job card holds all the information regarding the installation/repair/removal of the meter and is handed over to the [...]

12 07, 2018

Non-Compliance By South African Businesses

2018-07-12T11:32:36+00:00July 12th, 2018|Commercial Law, Debt Collection, Insolvency, Sectional Title|0 Comments

Has your business kept abreast of all the regulatory legal updates that form the commercial law framework in South Africa? If not, you (as the business director) as well as your business, could land in hot water. Repercussions can range in anything from significant fines to mandatory jail sentences and company liquidation. Compliance with the current [...]

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