CARMEL RICKARD: Credit system falls short on small estates
A high court ruling has found that the National Credit Act, by not giving small deceased estates the same protections as other estates, has failed to promote empowerment
14 April 2022 - 05:00
Small estates — those valued at less than R250,000 — make up perhaps 75% of SA deceased estates, so you might think that all the technical difficulties would long have been rubbed smooth. But that’s not so, and a recent judgment of the Joburg high court has made some recommendations about a particular problem that it believes needs to be addressed.
MFC vs Mkhwanazi might seem a routine matter, in which a bank (Nedbank) seeks the return of a vehicle because the premiums weren’t kept up to date. But there’s a twist...
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