by cliffy | Sep 24, 2021 | Banking Law
Set-off of money in bank account The facts in Standard Bank of South Africa (“Std”) v Echo Petroleum CC (“Echo”) 2012 (5) SA 283 (SCA) were: Echo carried on business as a wholesale supplier of fuel, in particular of Sasol products; Sasol allowed only authorised...
by cliffy | Sep 24, 2021 | Banking Law
Phishing Scam In Roestoff v Cliffe Dekker Hofmeyr Inc 2013 (1) SA 12 (GNP) the court held: that money paid into a bank account becomes the property of the bank and the account holder usually becomes the creditor of the bank for the amount so deposited into his...
by cliffy | Sep 24, 2021 | Banking Law
Ownership of funds deposited into the customer’s account. In Trustees, Estate Whitehead (“Whitehead”) v Dumas and Another (“Dumas”) 2013 (3) SA 331 (SCA) Whitehead conducted an investment scheme. A few days after Dumas invested R 3 million in the scheme – depositing...
