by VDT Attorneys | Mar 26, 2024 | Electronic signature, Property Development, Property Transfer, Sale, Signed agreement
The Electronic Communications and Transactions Act 25 of 2002 (hereinafter the “ECTA”) defines an electronic signature as “…data attached to, incorporated in, or logically associated with other data and which is intended by the user to serve as a signature.” Section...
by VDT Attorneys | Jan 28, 2024 | Doing Business in South Africa, Mergers & Acquisitions, Sale, Sale of Business, Sale of Shares
Despite the existence of the Competition Commission, the statutory body does not review every transaction, thus, the initial stage of each M&A is to determine whether such M&A transaction necessitates the Competition Commission’s approval. As per Section...
by VDT Attorneys | Jun 7, 2018 | Conveyancing, Credit Act, Loan, Property, Sale
Most property sale agreements contain a suspensive condition that makes the purchase subject to the purchaser obtaining financing within a certain period of time. To understand whether this period of time can be extended, it is important to firstly understand what...
by VDT Attorneys | Oct 10, 2017 | Property, Rate Clearance, Sale
You are correct to note that the matter has been the topic of a lot of media exposure as several of our courts have had a stab at interpreting the provisions of section 118 of the Local Government Municipal Systems Act 32 of 2000 (“Systems Act”). Section 118(3) of the...
by VDT Attorneys | Aug 11, 2016 | Agri, Farming, Property, Sale
Subdividing agricultural land is a time-consuming, expensive and often challenging exercise, frequently resulting in no success. This can be ascribed to the provisions of the Subdivision of Agricultural Land Act of 1970 (“the Act”) which expressly prohibits the...
