It’s a nightmare scenario for any purchaser: you are in the process of acquiring a warehouse, transfer documents have been signed, but transfer has not yet been registered. Before occupation, the property is significantly damaged by recent floods. The deed has not yet been lodged, and you are concerned the seller may not repair the damage. What are your legal options?

There are generally two possible outcomes in a situation like this. If the warehouse has been completely destroyed, performance in terms of the sale agreement becomes impossible and the agreement is terminated. In most cases of natural disasters, neither party would be liable, as the damage would be regarded as an unforeseen event beyond either party’s control.

However, if the warehouse is only partially damaged and transfer is still possible, the situation becomes...

As economic activity continues to strengthen across South Africa, one of the most exciting developments this year is the official advance of ORTIA SEZ Precinct 2 – a major industrial expansion that positions the OR Tambo International Airport area as a global export and advanced manufacturing hub.

Strategic Expansion at OR Tambo

The OR Tambo Special Economic Zone (SEZ) – developed and operated by...

South Africa’s exit from the FATF greylist restores credibility and eases a costly drag on confidence, but lasting gains will depend on sustained fiscal discipline and deeper reform.

South Africa’s removal from the Financial Action Task Force (FATF) greylist marks an important step in restoring its reputation as a credible, compliant participant...