Copyright (c) 2016
YEVL ( Pty ) Ltd : Yvonne E. Venter – Louw
All Rights Reserved
YEVL (Pty) Ltd want to make it very clear that any individual, reading any of this content should contact YEVL (Pty) Ltd directly for individual specific consultation and advice; or seek the professional advice and coaching of a professional financial adviser / coach / accountant. The content of this website is for information and resources purpose only and should in no way be taken as individual direct advice of any sort.
All of the information contain in this website is based on personal experience, knowledge, anecdotal evidence and physiological research in the specific field. Although the YEVL (Pty) Ltd have strived to be as accurate and complete as possible in this website, notwithstanding the fact that YEVL (Pty) Ltd do not warrant or represent at any time that the contents herewith are up to date and accurate, due to the rapidly changing nature of the Internet.
While all attempts have been made to verify all the information provided on this website, YEVL (Pty) Ltd assume no responsibility for any errors, omissions or contrary interpretations of the subject matter within.
Any perceived slights of specific persons, people or organisations are unintentional.
In practical advice websites / books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgement about their individual circumstances to act accordingly.
Although I am a Qualified Financial Advisor by profession; this website is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to contact YEVL (Pty) Ltd in a professional capacity or refer to the services of a competent professional in legal, business, accounting and finance fields.
YEVL (Pty) Ltd assume no responsibility for the use or misuse of the information, or any injury, damage and / or financial loss sustained to person or property as the result of using the content of this website. The information contained in this website is for informational purpose only.
ALL RIGHTS RESERVED: No part of this website may be reproduced or transmitted in any form whatsoever (other than the provided social media sharing), electronic or mechanical, including photocopying, recording or by any informational storage or retrieval system without express written, dated and signed permission from myself.
Terms And Conditions
ACCEPTANCE OF TERMS THROUGH USE
By using or viewing this site, you (“User”) signify your agreement to these terms and conditions.
If you do not agree to this Agreement please do not use or view this site.
Please check this Agreement periodically for changes as the owner of this site reserves the right to revise this Agreement and your continued use and viewing of this site following the posting of any changes to the Agreement constitutes acceptance of such changes.
We reserve the right to terminate a User’s use of this site at any time without notice and may do so for any breach of this Agreement or the instructions on this site by User. This Agreement applies to licensors and advertisers as well.
YOU MUST BE OVER 18 TO AGREE TO THIS AGREEMENT & TO USE & VIEW THIS SITE
This Agreement must be completed, understood and agreed to by a person over 18. If a parent or guardian wishes to permit a person under 18, and under his or her supervision, to use or view this site, he or she should email us with his or her explicit permission and acceptance of full legal responsibility for the minor to do so.
If you are not yet 18, if you are easily offended, or are accessing this site from any country where material on this site is prohibited or illegal, please leave now as you do not have permission to access this site.
LICENCE TO USE & VIEW THIS SITE
Upon your agreement to this Agreement, we hereby grant you a non-exclusive, non-transferable limited license to use this site in strict accordance with the terms and conditions in this Agreement and as permitted via instructions on this site.
You agree not to make any false or fraudulent statements in your use of or to gain access to this site.
You acknowledge and agree that all content and services available on this site are the property of our business and its advertisers and licensors and are protected by copyrights, moral rights, trademarks, service marks, patents, trade secrets, and other proprietary rights and laws, in the U.S. and internationally.
All rights not expressly granted herein are fully reserved by us, its advertisers and licensors.
Use Except as may be explicitly permitted through this site, you agree not to save, download, cut and paste, sell, licence, rent, lease, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit, or create derivative works from materials, code or content on or from this site.
Systematic retrieval of data or other content from this site to create or compile, directly or indirectly, a collection, compilation, database or directory without written permission from us is prohibited. In addition, use of the content or materials for any purpose not expressly permitted in this Agreement is prohibited.
You agree that if you are issued an exclusive Web Address or Username and Password by us, you shall use your best efforts to prevent access to this site through your Username and Password by anyone other than yourself, including but not limited to, keeping such information strictly confidential, notifying us immediately if you discover loss or access to such information by another party not under your control and supervision.
You agree that you shall not try to reverse engineer, reverse assemble, reverse compile, decompile, disassemble, translate or otherwise alter any executable code, contents or materials on or received via this site.
You understand that such actions are likely to subject you to serious civil and criminal legal penalties and that the Company shall pursue such penalties to the full extent of the law to protect its rights and the rights of its other licensors.
International UsersAccessing this site, and services, products or contents available on this site, except as expressly allowed through instructions and truthful statements by the User in regard to the use of this site, from places outside the South Africa or where their contents are illegal, is prohibited.
Those who choose to access this site from other locations do so knowingly on their own initiative and voluntarily at their own risk and are responsible for compliance with local laws.
The Company’s, licensors’ or other third party materials, services or products referenced on this site are common law or registered trademarks or service marks of such parties.
THIRD PARTY SITES
You may be transferred to online merchants or other third party sites through links or frames from this site. You are cautioned to read such sites’ Terms and Conditions and/or Privacy Policies before using such sites in order to be aware of the terms and conditions of your use of such sites.
These sites may contain information or material that is illegal, unreasonable or that some people may find inappropriate or offensive. These other sites are not under the control of us, are not monitored or reviewed by us, and are not aware of the contents of such sites.
You acknowledge that we are not responsible for the accuracy, copyright compliance, legality, decency, or any other aspect of the contents or any transmissions received through such sites. The inclusion of such a link or frame does not imply endorsement of this site by us, its advertisers or licensors, any association with its operators and is provided solely for your convenience. You agree that our business and its licensors have no liability whatsoever from such third party sites and your usage of them.
DISCLAIMER OF WARRANTIES
Our Business, its advertisers and licensors make no representations or warranties about this site, the suitability of the information contained on or received through use of this site, or any services or products received through this site.
All information and use of this site are provided “as is” without warranty of any kind other than specified in this agreement. The company, advertisers and/or its licensors hereby disclaim all warranties with regard to this site, the information contained on or received through use of this site and any services or products received through this site, including all expressed, statutory, and implied warranties of merchantability, fitness for a particular purpose, title and non-infringement.
Our business, advertisers and/or its licensors do not warrant that the contents or any information received through this site are accurate, reliable or correct; that this site will be available at any particular time or location; that any defects or errors will be corrected; or that the contents or any information received through this site is free of viruses or other harmful components. Your use of this site is solely at your risk.
User agrees that it has relied on no warranties, representations or statements other than in this agreement.
LIMITATION OF LIABILITY
Under no circumstances shall our business, advertisers and/or its licensors be liable for any direct, indirect, punitive, incidental, special, or consequential damages that result from, or arise out of the use of, or inability to use, this site.
Our company’s entire liability and the purchaser’s exclusive remedy shall be a refund of the price paid or replacement of our products, at our option. We limit replacement to ninety days.
You agree to defend, indemnify, and hold harmless the owner of this business, its employees, its advertisers, licensors, subsidiaries and other affiliated companies, and their employees, contractors, officers, agents and directors from all liabilities, claims, and expenses, including attorney’s fees, that arise from your use of this site, or any services, information or products from this site, or any violation of this Agreement.
Our business reserves the right, at our own expense, to assume the exclusive defence and control of any matter otherwise subject to indemnification by you, in which event you shall cooperate with the Company in asserting any available defenses.
We may suspend or terminate this Agreement or User’s use immediately upon receipt of any notice which alleges that User has used this site for any purpose that violates any local, state, federal, national, law of other nations or international, including but not limited to the posting of information that may violate third party rights, that may defame a third party, that may be obscene or pornographic, that may harass or assault others, that may violate hacking or other criminal regulations, etc. of its agents, officers, directors, contractors or employees.
In such event, our business may disclose the User’s identity and contact information, if requested by a government or law enforcement body or as a result of a summons / subpoena or other legal action, and we shall not be liable for damages or results thereof and User agrees not to bring any action or claim against us for such disclosure.
CLAIMS OR REPRESENTATIONS
Every effort has been made to accurately represent this product and it’s potential.
Every effort has been made to accurately represent our product and it’s potential. Any income statements and examples on this website are not to be interpreted as a promise or guarantee of earnings.
Earning potential is entirely dependent on the person using our product and does not represent or guarantee that anyone will achieve the same or similar results.
Your level of success in attaining the results claimed in our materials depends on the time you devote to the program, ideas and techniques mentioned, your finances, knowledge and various skills.
Since these factors differ according to individuals, we cannot guarantee your success or income level.
This Manual has been prepared in terms of section 51 of the Promotion of Access to Information Act 2 of 2000 (“PAIA”), updated in the light of the Protection of Personal Information Act 4 of 2013 (“POPI”), Financial Advisory and Intermediary Services Act 2002(FAIS Act), Financial Intelligence Centre Act 38 of 2001(FIC Act), Treating Customer Fairly (TCF), National Credit Act (NCA) and the Prescription Act
Purpose of PAIA
PAIA act was passed to give effect to the constitutional right, held by everyone in South African, of access to information which is held by the State or by another person and which is required for the exercise or protection of any right. Where a request is made in terms of PAIA, the body to which the request is made is obliged to give access to the requested information, except where the Act expressly provides that the information may or must not be released.
It is important to note that PAIA recognises certain limitations to the right of access to information, including, but not exclusively, limitations aimed at the reasonable protection of privacy, commercial confidentiality, and effective, efficient and good governance, and in a manner which balances that right with any other rights, including such rights contained in the Bill of Rights in the Constitution.
POPI was enacted in November 2013, to promote the protection of personal information processed by public and private bodies. POPI amended certain provisions of PAIA, balancing the need for access to information against the need to ensure the protection of personal information.
Purpose of FAIS
The Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), came into operation on 30 September 2004. The purpose of the FAIS Act is to protect consumers of financial services and to professionalise the financial services industry. To achieve this, the FAIS Act imposes certain requirements on providers of financial services to ensure that consumers receive proper financial advice, that they are provided with sufficient information to make informed investment decisions and that they are dealing with fit and proper advisors and intermediaries.
Purpose of FICA
The purpose of FICA is to combat money laundering activities by, among other things, establishing a Financial Intelligence Centre and imposing certain duties on institutions and other persons that might be used for money laundering purposes.
These persons/institutions are identified as “accountable institutions” in the Act. The Financial Intelligence Centre Act (38 of 2001) (the FIC Act) came into effect on the 1st of July 2003.
Purpose of TCF (as per Financial Services Board of South Africa)
Treating Customers Fairly (TCF) is an outcomes-based regulatory and supervisory approach designed to ensure that specific, clearly articulated fairness outcomes for financial services consumers are delivered by regulated financial firms. Firms are expected to demonstrate that they deliver the following 6 TCF Outcomes to their customers throughout the product life cycle, from product design and promotion, through advice and servicing, to complaints and claims handling – and throughout the product value chain:
Customers can be confident they are dealing with firms where TCF is central to the corporate culture
Products & services marketed and sold in the retail market are designed to meet the needs of identified customer groups and are targeted accordingly
Customers are provided with clear information and kept appropriately informed before, during and after point of sale
- Where advice is given, it is suitable and takes account of customer circumstances
- Products perform as firms have led customers to expect, and service is of an acceptable standard and as they have been led to expect
- Customers do not face unreasonable post-sale barriers imposed by firms to change product, switch providers, submit a claim or make a complaint.
- Members of the TCF Regulatory Framework Steering Committee and Workstreams
Purpose of NCA
The purpose of the NCA is to promote and advance the social and economic welfare of South Africans; promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry; and to protect consumers while balancing the rights of suppliers.
It applies to all credit agreements between parties dealing at arm’s length that are made in South Africa or have an effect in South Africa. The NCA applies to all natural persons and some juristic persons (in particular small juristic persons). [This includes default credit agreements as result of pre-agreed payment arrangements – affected by the Prescription Act]
Purpose of Prescription Act
The Prescription Act 68 of 1969 (“PA”) says it means a debt (for example payment of money) is extinguished after the lapse (passing) of a time period.
South Africa has different laws which specify time periods, for example, the PA says contractual and delictual debts extinguish after 3 years from when prescription starts.
The Prescription may be delayed or interrupted.
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