Resolutions and Authority in terms of the 2008 Companies Act

The 2008 Companies Act has given more power to the directors of a company, but also more responsibility. It is important that people dealing with companies know who the directors are and what authority they have to bind the company. Shareholders also need to know their rights. For more details, have a look at Newsletter 9 under our Publications tab on our website.

Affordability Assessments in terms of the National Credit Act

The National Credit Act requires a credit provider to conduct an affordability assessment before entering into a credit agreement with a consumer. Failure to conduct this assessment properly (or at all) will make the credit provider guilty of reckless credit and expose the credit provider to harsh consequences. Do you know how to conduct a proper affordability assessment? If not, our latest newsletter (Newsletter 8) will help you – go to http://www.fouriestott.co.za/publications/