As we enter the post-Covid phase, governments will be forced to adopt pro-growth tax strategies while at the same time working feverishly to recover as much revenue as possible.

After Western Cape High Court gave Standard Bank the boot. 

The Pretoria High Court on Tuesday 2 June 2020 delivered a thundering defeat to government over its "irrational" lockdown regulations, which should open the way for a rapid return to economic normality.

The major banks this week launched their online portals providing loans to small and medium-sized businesses that may not be able to meet their financial obligations during the lockdown and when the economy reopens.

The relief packages offered by banks could be the cause of untold legal cases in the months to come.

We now have a better sense of the impact the lockdown is having on the economy, and it’s not pretty.

The SA Institute of Business Accountants (Saiba) has issued a guide to its members clarifying what services can be delivered during lockdown.
 

President Cyril Ramaphosa on Tuesday announced a R500 billion coronavirus stimulus package and sweeping structural reforms to get the economy back on track.

As South Africa enters the fourth weekend of the Covid-19 lockdown, the economic and social consequences are now becoming more apparent. And it doesn't look good.

Fintech companies offering 90-minute loan approvals are seeing a spike in loan applications 

It's a bit of a damp squib really.

The Department of Labour is causing confusion over its statement that employers should not force employees to take their annual leave during the Covid-19 lockdown period.

Here's a case where prayer alone won't cut it. Church of Scientology Volunteer Ministers are using the world's highest grade decontamination technology to wage war against the deadly virus.  

President Cyril Ramaphosa this week announced that SA is to go into a 21-day lockdown from 26 March 2020 in an effort to combat the spread of the Covid-19 virus. Here are some of the key support measures for businesses, employees and the poor:

January’s interest rate cut has effectively wiped out all mortgage bond arrears, say consumer activists. But you won’t hear that from your bank.

The Cape High Court on Friday delivered a damning judgment against credit providers for over-charging on legal fees and interest in contravention of the National Credit Act (NCA) which came into force in 2007.

The banks from hereon must argue their cases in the much cheaper and more accessible magistrates' court. 

Last week’s 0.25% per annum interest rate reduction extinguished the arrears on tens of thousands of mortgage bonds. That’s the claim being made by several property owners in cases before the courts involving multiple banks.

In this CFO Talks interview, Ciaran Ryan talks to consumer legal expert Leonard Benjamin about some surprisingly easy ways to stop your home being repossessed by the banks. Also discussed are illegal garnishee orders and how banks are routinely making "errors" when it comes to calculating mortgage bond arrears.

Eight years ago debt counsellor Fanie Grové started looking at vehicle loan statements from his clients and was staggered by what he saw: in every one of more than 80 cases he examined where the borrower had fallen into arrears, he says the bank was unlawfully overcharging interest. 

In a case due to come before the Eastern Cape High Court this month, Standard Bank is accused of double charging the arrears amount owed by a mortgage client, resulting in a guest lodge being repossessed and sold at auction for a fraction of its market value.

More than 4 000 bank customers claim they were charged 30% more than whites on mortgage loans, and the case is now headed to the Equality Court.

Debt collectors are a pestilence and are expertly guided by smart lawyers to circumvent the law. Leonard Benjamin explains.

Following the lead recently set by the South Gauteng High Court, a full bench of the Cape High Court will decide this week whether to set reserve prices on repossessed homes.

On Thursday, the Constitutional Court of South Africa ruled in favour of communities arguing for a bigger say in mining decisions.