Category: Corporate Law

Alert Level 3: Extended Cape Town Office Hours

Dear Clients, Friends and Businesses locally and abroad, We are pleased to announce the second phase of our planned physical office re-opening, which shall commence on Monday 15 June 2020. Our Cape Town office will be open from 8:30 to 16:30 on Monday to Friday, excluding public holidays. If you have any questions, please do […]
Read more

Alert Level 3: Expanded Range of Legal Services

NEW EXPANDED LIST OF PERMITTED LEGAL SERVICES AND ACCESS TO COURTS UNDER ALERT LEVEL 3 Dear Clients, Friends and Businesses locally and abroad, We are pleased to advise that on 2 June 2020, the Minister of Justice and Correctional Services issued new Directions (“the Directions”), which permit more legal services and updated court procedures under […]
Read more

Alert Level 4: Offices Re-Open

Dear Clients, Friends and Businesses locally and abroad, We welcome the move to Level 4 by the government, and we hope that the current situation will continue to improve as the President has advised that the Level 4 restrictions will be amended to address the public’s concerns.  Throughout the lockdown we have been working remotely. However, […]
Read more
COVID19: Prescribed Rate of Interest Drops to 9.75% as of 1 March 2020

COVID19: Prescribed Rate of Interest Drops to 9.75% as of 1 March 2020

In light of COVID19, the prescribed rate of interest (legal interest) has been changed with effect from 1 March 2020 to 9.75% per annum. The previous rate was 10.00%. The Prescribed Rate of Interest Act, 1975 provides that where interest bears on debts, the prescribed rate of interest applies, except where a different rate is […]
Read more