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Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

by Wessels + Van Zyl Inc | May 26, 2023 | General Interest

“MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from judgment below) In...
Overtime: The Importance of Agreements

Overtime: The Importance of Agreements

by Wessels + Van Zyl Inc | Apr 24, 2023 | Employment and Labour Law

“…an employer may not require or permit an employee to work … overtime except in accordance with an agreement” (Basic Conditions of Employment Act) All employers and employees need to know of a recent Labour Court judgment holding that an instruction to work overtime...
Losing Your Property to Acquisitive Prescription

Losing Your Property to Acquisitive Prescription

by Wessels + Van Zyl Inc | Apr 24, 2023 | Property

“… a person shall by prescription become the owner of a thing which he has possessed openly and as if he were the owner thereof for an uninterrupted period of 30 years or for a period which, together with any periods for which such thing was so possessed by his...
Trustees: Your New Duty to Report Beneficial Owners

Trustees: Your New Duty to Report Beneficial Owners

by Wessels + Van Zyl Inc | Apr 24, 2023 | Trusts

“National Treasury, therefore, expects that if South Africa continues to make significant improvements in effectiveness and swiftly exits grey listing, it will have a limited impact on financial stability and costs of doing business with South Africa, particularly if...
Divorce: Remember to Review Your Will!

Divorce: Remember to Review Your Will!

by Wessels + Van Zyl Inc | Apr 24, 2023 | Family Law, Wills and Estate Planning

“It has long been a foundational principle of our common law and the legislation that has governed the law of testamentary succession that a will, properly executed, is the document that authoritatively reflects the genuine and voluntary dispositions of a testatrix.”...
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