In The News
Property related matters
Consumer Protection Act
The South African National Consumer Protection Act(CPA) came into effect on 1 April 2011. The Act is aimed at promoting fairness, openness and good business practice between the suppliers of goods or services and consumers of such goods and services.
The Protection of Personal Information Act 4 of 2013 aims:
to promote the protection of personal information processed by public and private bodies;
to introduce certain conditions so as to establish minimum requirements for the processing of personal information;
to provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000;
to provide for the issuing of codes of conduct;
to provide for the rights of persons regarding unsolicited electronic communications and automated decision making;
to regulate the flow of personal information across the borders of the Republic; and
to provide for matters connected therewith.
The Financial Intelligence Centre Act (38 of 2001) (the FIC Act) came into effect on the 1st of July 2003. The FIC Act was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities.
The FIC Act brings South Africa in line with similar legislation in other countries designed to reveal the movement of monies derived from unlawful activities and thereby curbing money laundering and other criminal activities.
Property Practitioners Bill
The Property Practitioners Bill, 2018 is intended to replace and repeal the Estate Agency Affairs Act of 112 of 1976 and is intended to govern amongst other estate agents. It was introduced to the National Assembly on 14 June 2018 and was passed by the National Assembly on 4 December 2018.