IRM1501 Assignment 2 Semester 2 2023 - DUE September 2023

IRM1501 Assignment 2
Semester 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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