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Financial Intelligence Centre Act, No 38 of 2001 (FICA)
FICA came into effect on 30 June 2009 which obliges our business partners (conveyances, financial institutions and bond originators) to request certain information from a client to enter into a financial transaction.
The FICA documentation must be either original, original certified or original sighted.
A copy of any document must be certified by a Commissioner of Oaths and the following description must appear on every page as well as the signature of the Commissioner:
a. Signature of Commissioner of Oaths
b. Full name of the Commissioner of Oaths
c. Title of Commissioner of Oaths
d. Date of certification
e. Wording must stipulate: “Certified a true copy of”
f. Where the document being commissioned is more than one page, the stamp/full commission must appear on either the front or back page, and the Commissioner must initial every page of the document in between.
To download the required documents for every entity type in PDF – Click Here
 Trust
Individuals
Company
Close Corporation
Other legal entities
Foreign buyers
To download the criteria for foreign buyers in PDF – Click here
National Credit Act, No 34 of 2005
The National Credit Act, 34 of 2005, came into full effect on 1 June 2007 to regulate the way in which credit providers grant credit and protect the interest of our valued clients.
The Aim of the NCA is further to:
- Enforce the consumer to disclose the total cost of credit
- Control the costs of credit
- Educate consumers and provide awareness relating to credit
- Provide guidance to consumers in financial distress via a controlled system of debt restructuring
- Reduce the granting of reckless credit
- Provide guidance to consumers to prevent them from over-indebtedness
- Regulate the information in respect of the consumer credit held by the different credit bureaux
- Present more information to the consumer prior to entering into a credit agreement
- Maintain a fair, non-discriminatory credit market
Interest rate
Click on the interest rate icon at the top to provide you with the latest interest rates.
OUR BUSINESS PARTNERS
Malherbe Hanekom Incorporated is a dynamic firm of attorneys who has partnered with us during 2005 and has added value to our agency in every dimension.
With combined experience of some sixty years, the firm uses its commercial, legal and financial expertise to deliver trusted and extensive legal services to its clients.
To read more click here
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