IRM1501
Assignment 2 Semester 2 2025
Unique Number: 860058
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
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
Assignment 2 Semester 2 2025
Unique Number: 860058
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
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
