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It’s hard to put your trust in people, especially when you have had an experience with a friend or family member who broke your trust. You feel hurt. You feel cheated. You feel betrayed.
There has been a lot of recent media attention surrounding the EB-5 Investment Visa Program, and for good reason. South African residents are not able to emigrate for exchange control purposes (sometimes referred to as a financial emigration) unless they have a lawful right of abode in the country to which they intend to emigrate to. The EB-5 Investment Visa Program gives residents such a lawful right. This programme has therefore become very popular with South African families who are considering relocating to the USA or alternatively who want to enable their children to be able to benefit from the wide array of opportunities available to them in the USA.
Customary marriages are infamous for upholding patriarchal norms. Before South Africa became a constitutional state, customary marriages were recognised in the Black Administration Act 38 of 1927 (“BAA”), the Natal Code of Zulu law and the Transkei Act. Since 1996, section 15(3) of the Constitution of the Republic of South Africa authorises the legislature to pass legislation recognising customary marriages.
When Superstorm Sandy struck Staten Island off New York in October 2012, a dinner cruise boat docked in a marina sustained severe damage from the storm’s high winds and rain, ultimately sinking with a loss of $750 000.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?