If you struggle to read this article in Outlook or do not see the images, click here.

 

 

 

| mailshot |

We have had a tremendous response from our clients in regards to the ek sê feature, which dealt with the new National Credit Act. Because of the response, we have decided to do a mekanik article (our in depth-technical discussion feature) about the act.

 

Unfortunately, as this act is still fresh from the farm, there are not any case law or other substantial opinions about the act. The situation surrounding the act will become more clear as time progress and the act is taken under the magnifying glass by the courts. At this stage therefore we cannot accept any liability for the general opinions raised in the mekanik article and would rather invite you to come and chat with us if you need specific advice about how to incorporate the new act into your business processes.

 

To assist in the digestion of the technicalities in the mekanik article, we've included the popular rollonfriday section for another fun look at the world of lawyering.

 

Lastly we are proud to announce that dwp has been rated as a Level Two B-BBEE contributor (second highest level). More about our BEE rating can be found in the what's up section below.

 

We hope you find this mailshot informative and helpful - feel free to give us a shout if you need more information about anything discussed in this mailshot.

 

 

| mekanik |

| the national credit act explained - point form summary|

The new National Credit Act has taken the public by storm, with some of the most important sections of the Act coming into operation on 1 June 2007. The Act brings about drastic consequences for money lenders and was principally aimed at the protection of borrowers.

 

The Act has replaced the old Usury Act and Credit Agreements Act and now represents the all encompassing Statute dealing with finance transactions. The entire financing industry is now hyper regulated including to the extent that debt collecting procedures will be difficult and there will be much “trial and error” for credit providers, consumers and attorneys all alike.

 

>>> Read the full point form summary

 

 

| rollonfriday |

| lawyer issues bill for crossing the road |

Thanks to the reader who spotted an article in the South China Morning Post quoting the Hong Kong Chief Justice.

 

The judge had a general pop at Hong Kong lawyers for chasing every buck going to the detriment of ethical standards, and gave the following by way of example:

 

 

Pure gold.

 

(This section is made possible courtesy of RollOnFriday.com, visit them at www.rollonfriday.com)

 

 

| what's up |

| dwp received 125% BEE rating|

We are pleased to announce our long awaited BEE rating has finally arrived (...queue drum roll…)

 

At the risk of boring you on the finer details, here is the gist of it: as a QSE (Qualifying Small Enterprise) we have been rated on 4 of the 7 elements on the QSE BEE scorecard and have scored 93.59% out of 100% on those elements.

 

We have therefore been rated out as a Level Two Contributor (second highest), which means we have a 125% B-BBEE (Broad-Based Black Economic Empowerment) Recognition Level.

 

| admin stuff |

|as boring as the small print |

If you have any questions, comments, want to know some more on any of these topics or want to suggest a topic for discussion, please drop the editor of the newsletter a shout at heinrich@dwp.co.za.

 

This would also be convenient opportunity to tell us if you do not want to receive a copy of this newsletter in future (just to comply with the provisions of the Electronic Communications and Transactions Act, you know how we lawyers are...).  To unsubscribe, go here

 

If you don't see the images at the top of this newsletter, please add us as a "Safe Sender" in Outlook by right clicking on the images. All future newsletters will then show correctly on your computer.

 

We reserve our rights to the contents of this newsletter. If you want to use some of the contents then give us a call to arrange it beforehand.

 

Disclaimer: None of the information in this newsletter should be taken as professional advice. Unfortunately human error does sometimes creep in and the printers devil also does not always keep away from the door. We can therefore not accept any responsibility for any of the content of this newsletter without you coming to see us first so that we can take proper instructions from you about your circumstances and apply the necessary legal points to your problem.

 

| contact us |

delport ward & pienaar

attorneys, notaries &  conveyancers
1st floor - cornerstone house

16 loop street

cape town

8001

 

telephone, cape town
+27-21-419.3733

 

telefax, general
+27-21-419.3743

 

telefax, collections dept
+27-21-421.6625

 

telephone, london
+44-20-8133.0337

 

telephone, washington dc
+1-202-657.6733

 

telephone, hong kong
+852-8139.7374

 

| info@dwp.co.za |

 

 

1st floor - cornerstone house, 16 loop street, cape town | docex 600, cpt | t, +27-21-4193733 | f, +27-21-4193743

info@dwp.co.za | www.dwp.co.za