New research from Oxford has pointed out that imports are declining in Brazil, India and Russia. The Brics are responsible for a drop in annual World trade of about 1.3%. Worrying is that this trend extends far beyond the four emerging giants: even more so as the slowdown is taking place even before the Federal Reserve begins its announced interest rate hikes. The stakes today are higher than before; emerging economies used to account for 23% of the world gross domestic product in
The Department of Cooperative Governance and Traditional Affairs reports that its training of council staff has shown little gains:
The State has paid out almost R3bn in land claims this year only. The Commission attending to this is still processing of claims dating from the 1990
The office of the Pension Funds Adjudicator said that it will not discriminate against parties married in terms of Islamic law.
Trust as party to a contract
It often happens that a trust is added as a party to a contract rather than the trustees thereof. The DD this should not be correct as a trust has no legal personality. In the case, named below, it was decided that weird it is clear that there trustees acted for a trust in concluding a contract that contract is not necessarily invalid.
St Bank v Swanepoel case 20062/14 SCA
Invalid bond still secures a claim based on unjustified enrichment
We have all heard of the Land Bank advancing monies for projects unrelated to its core function. In this case the bond, which have secured the finance for such a project, was declared invalid. Nevertheless, the bond was still capable of founding a case based on unjustified enrichment
Panamo case 20051/2014 SCA
Mora interest on Shari
Be peaceful, be courteous, obey the law, respect everyone; but if someone puts his hand on you, send him to the cemetery.
I gather that the British Navy has turned the corner: having first named its latest type 45 destroyers HMS Daring and Dauntless, it has renamed them HMS Cautious and Prudence. It is said that the next five ships to be commissioned will be HMS Empathy, Circumspect, Nervous, Timorous and Apologist..;)
Now this is protest! An Austrian brothel in Salzburg, protesting taxes on legalised brothels (
Eugene McCarthy (US presidential candidate):
The only thing that saves us from the bureaucracy is its inefficiency.
No man could be equipped for the presidency if he has never been tempted by one of the seven cardinal sins.
The Senate is the last primitive society in the world. We still worship the elders of the tribe and honour the territorial imperative.
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