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IRM1501 Assignment 2 Semester 2 2023 - DUE September 2023
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IRM1501 Assignment 2Semester 2 2023
QUESTIONS AND
ELABORATE ANSWERS
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, Find the case of Global & Local Investment Advisors (Pty) Ltd v Fouche (71/2019 [2020] ZASCA 8; 2021
(1) SA 371 SCA (18 March 2020) and summarize it in the prescribed format (facts, legal question, reasons
for the findings and the findings).
THE CASE
Global & Local Investments Advisors (Pty) Ltd v Fouche
(71/2019) [2020] ZASCA 8; 2021 (1) SA 371 (SCA) (18
March 2020)
THE SUPREME COURT OF APPEAL OF SOUTH AFRICA
JUDGMENT
Reportable
Case No: 71/2019
In the matter between:
GLOBAL & LOCAL INVESTMENTS
ADVISORS (PTY)
LTD APPELLANT
and
NICKOLAUS LUDICK
FOUCHÉ RESPONDENT
Neutral citation: Global & Local Investments Advisors (Pty) Ltd v Nickolaus Ludick
Fouché (71/2019) [2019] ZASCA 08 (18 March 2020)
Coram: NAVSA, SALDULKER, MAKGOKA and NICHOLLS JJA and MOJAPELO AJA
Heard: 24 February 2020
Delivered: 18 March 2020
Summary: Whether a financial services provider acted in breach of client’s mandate by
releasing funds upon receiving fraudulent email instruction – applicability of section
13(3) of the Electronic Communications and Transactions Act 25 of 2002
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