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IRM1501 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 (861902) - DUE 15 September 2025

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IRM1501 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 (861902) - DUE 15 September 2025

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I

, RM1501 Assignment 2 (COMPLETE ANSWERS) Semes
ter 2 2025 (861902) - DUE 15 September 2025; 10
0% TRUSTED Compl
Multiple choice,assured excellence
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 decision and the findings)
Global & Local Investments Advisors (Pty) Ltd v Fouché
(71/2019) [2020] ZASCA 8; 2021 (1) SA 371 (SCA)
Facts
Mr Nickolaus Ludick Fouché appointed Global & Local
Investments Advisors (GLIA) under a discretionary investment
mandate to open and manage investment accounts for him at
Investec. The mandate allowed certain communications
(including email) but required that instructions be genuine and
that amounts be invested/withdrawn in accordance with the
mandate. In August 2016 Fouché’s personal email account was
compromised. Fraudsters sent a series of emails, purporting to
be from Fouché (including a closing instruction and payment
instructions “signed” with his name), directing GLIA to pay out
client funds into third-party bank accounts. GLIA acted on those
emails and caused substantial transfers to be made to third
parties. When Fouché discovered the transfers he sued GLIA for
Connected book
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Philip Mohr Understanding Macroeconomics
Publisher: 2012 ISBN: 9780627029424 Edition: Unknown

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