Law Update 7 – 2014

Posted on: November 6th, 2014 by Maryna Botha

“My spouse cheated and now his/her lover is going to pay!” Think again…

In the recent Supreme Court of Appeal case of RH v DE (594/2013) [2014] ZASCA 133 the existence of the delictual claim for damages based on adultery between two spouses, came under the spotlight.

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Summary

Amendment of prescribed interest rate

If parties to a transaction have not agreed on a rate of interest, expressly or implied, and the rate is not governed by any other law, the rate of interest is determined as prescribed in terms of the Prescribed Rate of Interest Act No. 55 of 1975. Recently an amendment was made to the rate applicable in the above instance due to the prescribed rate not being market related. What is the position now?

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Summary

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