In FirstRand Bank Limited v Spar Group Limited [2021] 2 All SA 680 (SCA) the respondent (Spar) fell into a dispute with one of its franchisees (Umtshingo). FNB breached its legal duty as Umtshingo had no rightful claim to the funds, nor to set off Umtshingo’s debts in respect of which Spar had a quasi-vindicatory claim.

The applicants in Grassy Knoll Trading 78 CC t/a Fat Cactus and Another v Guardrisk Insurance Company Limited [2021] 1 All SA 503 (WCC), sought a declaratory order that Guardrisk was obliged to indemnify them under their insurance policy for Covid-19 related losses since they amounted to an interruption of, or interference with their business due to ‘notifiable disease occurring within a radius of 50 km of the premises’.

An essential resource for trustees of retirement funds, the Essentials of Retirement Fund Management includes commentary and legislation in a concise and informative style that will appeal to all tiers of trustees

Despite the fact that contributing towards a retirement fund is compulsory for many employees in the private sector, there was a concerning decline in total contribution towards retirement funds recorded in 2018.

Despite the fact that contributing towards a retirement fund is compulsory for many employees in the private sector, there was a concerning decline in total contribution towards retirement funds recorded in 2018

The retirement industry has seen a number of important shifts over the past few decades, with the shift from DB pension funds to DC provident funds most probably having the biggest impact.

The new year brings opportunities for business success, but sound financial decisions require a big picture view and understanding of the South African financial planning and regulatory environment.