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02 August 2026 Financial Services Intelligence Watch

WesBank's R1.36 million claim against motor dealer fails

Legalbrief Today

WesBank has failed in its bid to recover R1.36m from a motor dealer after a customer made three payments on a new Ford Ranger before disappearing with the vehicle.Moneyweb report notes that the bank argued that Your Car Guy, a Gqeberha-based car dealer, had breached ...

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NTC liquidation delayed as Director faces R500 000 costs deposit

The final liquidation hearing of NTC Global Trade Fund has been postponed to 17 and 18 September 2026, with the Pretoria High Court ordering sole director Edwin Thabo Letopa to personally deposit R500 000 as security for wasted legal costs by 7 August. Failure to pay will result in NTC’s ...

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PIC suspension challenge

Legalbrief Today

Suspended PIC CEO Patrick Dlamini’s application to the Gauteng High Court (Johannesburg) for an urgent interdict to overturn his precautionary suspension argues that the decision was unlawful, invalid and procedurally flawed. His main contention is that the board breached its fiduciary duties and internal policies, including whistle-blower protocols ...

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Working Smart

By Lee Rossini

Alex Osterwalder's Business Model Canvas (BMC) is a widely used strategic management framework for designing, analysing and refining business models. Introduced in Business Model Generation (Osterwalder & Pigneur, 2010), the canvas provides a visual representation of how a business creates, delivers and captures value. Rather than relying on lengthy business plans, the BMC encourages businesses to view their business model as an interconnected system that can be tested, adapted and improved.

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