The legalities of paying rent when locked out of your premises due to force majeure

Loading player...
Parallel to the panic induced by Covid-19 in recent months has been the rising fear felt by individuals and business owners regarding their contractual obligations, or rather their looming inability to follow through on these obligations. In a bid to find relief, attention has been drawn to the legal provision force majeure, which translates literally as “superior strength” and refers to extraordinary events and calamities which render the performance of contractual obligations objectively impossible. What has previously been merely glossed over by contracting parties, is now more relevant than ever to South Africans desperate to obtain some relief in these harrowing times. In this interview with Alec Hogg, Philip Geromont, executive at ENSafrica, provides a clearer understanding of this provision and its application to commercial rental contracts in South Africa. - Nadya Swart Learn more about your ad choices. Visit megaphone.fm/adchoices
1 Apr 2020 5AM English South Africa Investing · Business News

Other recent episodes

BN Briefing: Farmers on their knees, the Fed under fire, and Gold flashing red

From a devastating foot-and-mouth outbreak crippling South African farmers to an explosive showdown between Donald Trump and the US Federal Reserve, today’s BizNews Briefing unpacks a world under pressure. David Shapiro questions where SA’s business titans have gone, while mining guru Peter Major delivers a chilling warning that gold may…
12 Jan 8AM 13 min

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min