When dealing with a director of a South African registered company (who is not the MD/CEO), make sure that the director concerned has actual or ostensible authority to bind the company because only in those circumstances can such a director bind the company.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...