Archive for Dec 2013

BUSINESS RESCUE – ARE SURETIES AT RISK?

Although the company itself is protected from legal action by its creditors, there is no similar protection for sureties. The R16.6m claim, and the sureties’ defences fail The facts of this particular case are perhaps typical of suretyship disputes – A creditor (often, as here, a bank), finding itself unable to recover its money from…

Read More

URGENT UPDATE

The crucial issue posed is that most of the Municipalities are fully geared up and now almost totally reliant on issuing Rates Certificates electronically so to revert back to a manual system would be onerous as there is no longer the manpower or infrastructure to deal with this efficiently, especially in a large Municipality like…

Read More