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A garnishee order can be obtained by a creditor once judgment has been granted against a debtor for payment owed to the creditor. A garnishee order by the court provides that ...

South Africa's benchmark interest rate is shifting from JIBAR to ZARONIA, with JIBAR set to cease on 31 December 2026. The JSE has introduced a structured process to help issuers transition their existing documentation, but legislative amendments won't take effect until early December 2026, creating a compressed timeline. Issuers must begin reviewing their legal documentation now to ensure compliance within the limited implementation period.

In February this year SARS published a Draft Interpretation Note on the determination of taxable income of certain persons from international transactions covering intra-group loans.

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

The average person, when purchasing a property, will borrow money from a bank. When the loan is approved, the bank will instruct its attorney to attend to the registration of a bond over the property.