Search results
Results from the WOW.Com Content Network
Credit - “Credit” means a deferral or delay of payment of a sum of money to another person, or a promise to pay money. Credit provider - A credit provider is the party who supplies goods or services (in terms of an instalment sale agreement, for example), or who pays money (in terms, for example, of a secured or unsecured money loan ...
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation.
A banker's acceptance is a document issued by a bank institution that represents a bank's commitment to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank.
Defence and foreign policy, for example, were outside of their legislative competence. [23] The legislation of the former TBVC states (Transkei, Bophuthatswana, Venda and Ciskei) is still valid in the applicable areas, as these states have since been re-incorporated into South Africa.
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a monetary union. The Southern African Customs Union (SACU) includes all CMA members in addition to Botswana, which replaced the rand with the pula in 1976 as a means of establishing an independent monetary policy. The CMA facilitates trade and promotes ...
When it is fully implemented via Pan-African Parliament legislation, the ACB will be the sole issuer of the African single currency (African Monetary Union/Afro), will become the banker of African Governments, will be the banker to Africa's private and public banking institutions, will regulate and supervise the African banking industry, and ...
Concepts of acceptability that have been widely studied include acceptable risk in situations affecting human health, and acceptable loss in particularly dire situations. The idea of not increasing lifetime risk by more than one in a million has become commonplace in public health discourse and policy. [7] It is a heuristic measure.
The Constitution of the Republic of South Africa, 1996, as the supreme law of the Republic, provides the overarching framework for civil procedure; [6] the Constitution has been responsible for significant changes to civil procedure since its inception in the 1990s, as in, for example, debt collection matters, [7] access to the courts [8] and prescription, in particular with respect to ...