Default Judgement
Default judgment may be taken for the following reasons: 1. The defendant does not give notice of an intention to defend, i.e. […]
Defended and Undefended
Once the debtor has been served with a summons, they have 10 court days to serve and file a notice of intention […]
When is a Summons issued?
If a debtor fails to pay the amount(s) due as specified in a letter of demand, the creditor has the right to […]
What is Prescription?
Prescription is when a debt is extinguished after a period of time. South African law stipulates that contractual debts and delictual debts […]
Letter of Demand
Before starting any debt collection process, the creditor must send a Letter of Demand – also known as a Section 129 notice […]
Economic Forecasts for the World, Africa, and South Africa, for 2021
Forecasts for 2021 It would be an understatement to say that 2020 was a challenging year. The COVID-19 pandemic wrought havoc on […]
South African Consumers Struggle With Debt in 2020
CONSUMER DEBT South African consumers are under huge financial pressure. Unemployment has been rising steadily for years, and the COVID-19 lockdown made […]