IRM1501
Assignment 2 Semester 2 2025
2 2025 860058
Unique Number:
Due date: 15 September 2025
2 DIFFERENT ANSWERS PROVIDED
Global & Local Investments Advisors (Pty) Ltd v Fouché (71/2019) [2020] ZASCA 8;
2021 (1) SA 371 (SCA)
Facts
Mr Nickolaus Ludick Fouché, a mining consultant, appointed Global & Local Investments
Advisors (Pty) Ltd (Global) as his financial agent in November 2015 to invest funds on his
behalf through a Corporate Cash Manager (CCM) account held with Investec Bank. The
written mandate required that all investment instructions must be sent to a specific fax
number or email address with the client’s signature.1
In August 2016, fraudsters hacked Mr Fouché’s Gmail account and sent three fraudulent
emails to Global, instructing it to transfer a total of R804,000 to third-party accounts at First
National Bank. These emails, although sent from Fouché’s legitimate address, did not
include his actual or electronic signature but simply ended with “Nick” or “Thanks, Nick”.1
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
Assignment 2 Semester 2 2025
2 2025 860058
Unique Number:
Due date: 15 September 2025
2 DIFFERENT ANSWERS PROVIDED
Global & Local Investments Advisors (Pty) Ltd v Fouché (71/2019) [2020] ZASCA 8;
2021 (1) SA 371 (SCA)
Facts
Mr Nickolaus Ludick Fouché, a mining consultant, appointed Global & Local Investments
Advisors (Pty) Ltd (Global) as his financial agent in November 2015 to invest funds on his
behalf through a Corporate Cash Manager (CCM) account held with Investec Bank. The
written mandate required that all investment instructions must be sent to a specific fax
number or email address with the client’s signature.1
In August 2016, fraudsters hacked Mr Fouché’s Gmail account and sent three fraudulent
emails to Global, instructing it to transfer a total of R804,000 to third-party accounts at First
National Bank. These emails, although sent from Fouché’s legitimate address, did not
include his actual or electronic signature but simply ended with “Nick” or “Thanks, Nick”.1
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
