They are referred to by various common terms in the property industry. The official term is a deed of sale under the Alienation of Land Act 1981 (because this Act is the fundamental legislation defining terms deeds of sale), but most practitioners and the general public casually call them ‘selling on the deed of sale’. This is a bit of a misnomer because all normal cash sales and cash-and-bond sales...
national credit act
The National Credit Act (NCA) was signed into law on 15 March 2005 and governs the assessment, application, and maintenance of credit granted by a credit provider to a consumer within the Republic of South Africa. The NCA must be read in conjunction with the Regulations passed in terms of the Act. The NCA has updated areas of the law that were contained in the Credit Agreements Act, the Usury Act, and...