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News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

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Exchange Rates

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Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 17:09

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 14 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 24 °C / 75 °F
Wind: SW / 10 kn
Sunrise: 05:19
Sunset: 19:22
IBN - Consulting: Legal Consulting

Legal Consulting

The South African law differs in most of its fields from the legal systems in Europe, Asia or the USA. Contractual clauses that are valid in other countries might be illegal in South Africa and vice versa. But also the legal scope of legal provisions might differ extremely from what one knows of its own legal system and bear the danger of negligent to reckless illegal behaviour.

The legal roots in Roman-Dutch law further confront companies as much as individuals in South Africa with uncodified case law, where it poses the highest risk of being caught unaware of legal consequences – be it civil or criminal!

IBN Consulting advises of the legal system, its laws, provisions and directives, codified and uncodified, and also informs and warns of changes in the law – current or immanent – like the recent or pending changes in the South African Company Law, Immigration Law or through the new Consumer Protection Act.