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Lending to a Friend or Relative – When Must You Register as a Credit Provider?

Lending to a Friend or Relative – When Must You Register as a Credit Provider?

by Wessels + Van Zyl Inc | Apr 25, 2024 | Credit Law

“In life, we never lose friends, we only learn who the true ones are” (Unknown) Lending money to a friend or family member in need sounds like a natural and informal sort of thing to do. But beware – if relations sour and your friend/relative can’t or won’t repay you,...
The Trouble with Family Loans: A R540,000 Lesson

The Trouble with Family Loans: A R540,000 Lesson

by Wessels + Van Zyl Inc | Jul 26, 2022 | Credit Law, Debt Recovery, Uncategorized

“How sharper than a serpent’s tooth it is to have a thankless child!” (Shakespeare) “Family helps family in times of need” – that’s been part of human culture since long before the dawn of history but be sure to observe all legal formalities. A recent High...

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