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It is common for a debtor (defendant) to submit correspondence to its creditor (plaintiff) and mark it as "without prejudice", wherein the debtor acknowledges its indebtedness to the creditor and...

Cabinet's approval of the Conduct of Financial Institutions Bill ("COFI") for submission to Parliament is a significant development for South Africa's financial sector.

On 1 March 2021, the National Payment System Department of the South African Reserve Bank (SARB) issued a consultation paper on the feasibility of establishing a domestic card scheme in...

South Africans are among the most highly indebted people in the world. With the unemployment rate showing no signs of improvement, there is no end in sight for this crisis. Persistent socio-economic

When a bank approves a loan facility, it will typically require the registration of a mortgage bond over the borrower's immovable property in order to secure the debt.

The Conduct Standard for Banks published on 3 July 2020 is a forerunner for the conduct related principles to be championed by Conduct of Financial Institutions Bill ("COFI Bill") when enacted.

On 30 November 2022, the Minister of Finance added new accountable institutions to the Financial Intelligence Centre Act ("FICA")...

South Africa's buy-now-pay-later sector faces heightened regulatory scrutiny as the Reserve Bank flags potential household financial stress risks. As BNPL products blur the lines between payment innovation and consumer credit, the debate centers on whether current regulatory frameworks adequately address affordability assessments, bureau reporting, and consumer protection in this rapidly growing market.

South Africa's central bank is prioritising the modernisation of existing payment infrastructure over the immediate introduction of a retail central bank digital currency.

The long‑awaited announcement regarding the transition from the Johannesburg Interbank Average Rate ("JIBAR") to the South African Rand Overnight Index Average ("ZARONIA") has now been made.

Many South Africans are currently feeling the pressure of the economic recession and looking for relief. However, it has now become more widely recognized...

The transitional period for South Africa's Financial Provisioning Regulations, 2015 has again been extended, this time until 19 June 2021.

South African fintech is entering a new phase where payments are becoming increasingly digital, embedded, and device-led, moving beyond traditional cards and cash.

South Africa's legal framework for cryptocurrency and exchange control has entered uncertain territory following two contradictory High Court rulings.

On 11 September 2020, the Governor of the South African Reserve Bank (SARB) amended the effective date of the Directive for Conduct within the National Payment System In Respect ...

When taking out insurance, honesty is not just expected, it's a legal requirement. The duty of disclosure obliges the insured to provide full and accurate information to the insurer before a policy is concluded.

On 3 July 2018, the Financial Sector Conduct Authority and the Prudential Authority published a joint communication ...

Does prescription run from the date that the debt is due, or when the creditor has adequate facts regarding the claim?