IRM1501
ASSIGNMENT 2 SEMESTER 2 2023
, 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
ORDER
On appeal from: Gauteng Division of the High Court, Johannesburg (Vorster
AJ sitting as court of first instance):
ASSIGNMENT 2 SEMESTER 2 2023
, 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
ORDER
On appeal from: Gauteng Division of the High Court, Johannesburg (Vorster
AJ sitting as court of first instance):
