Surety Bonds
Road Accident Fund (RAF) Surety Bonds
At Shackleton Risk Management, we can assist you with surety bonds for RAF matters. Surety bonds for RAF matters are provided by Safire Insurance Company Limited (“the Insurer”) and can be lodged by us with the Master on your behalf if needed. Trustees appointed to manage a trust must furnish security to the Master’s satisfaction.…
Curators Appointed in Asset Forfeiture Matters Explained
The National Director of Public Prosecutions may in terms of the Organised Crime Act 121 of 1998 Act apply to court for an order: a) restraining any person from dealing with assets which are suspected to have been acquired in connection with a crime; and b) preserving the assets until the investigation has been finalised.…
What Is a Surety Bond? Roles, Costs, and Legal Framework Explained
In South Africa, surety bonds (also called security bonds) are often required by the Master of the High Court before estate administrators (such as executors, curators, liquidators, and trustees) can commence their duties. These bonds serve as a financial guarantee that the appointed individual will administer the estate correctly and in line with applicable legislation.…
Advantages of Using a Brokerage with a National Footprint
In the highly competitive insurance brokerage industry, service delivery is of utmost importance. At Shackleton Risk Management (“SRM”) we are able to provide our services nationally across South Africa. With offices in Johannesburg, Pretoria, Durban, Cape Town, Port Elizabeth, Bloemfontein and Nelspruit and representation in Grahamstown, Kimberley and Mmabatho, we are able to be the…
Curator Bonds of Security | Document Guide
A guide on what documents I need to lodge bonds of security with the Master of the High Court in Curator matters CURATOR BONIS IN RESPECT OF PERSONS INCAPABLE OF MANAGING THEIR OWN AFFAIRS: 1) Notice of Motion, affidavit and annexures 2) Consent to act as curator-ad-litem (if applicable) 3) Certified copy of Court Order…
Trustee Bonds of Security | FAQS
Do all trustees require trustee bonds of security? No, if trustees are exempt from furnishing security in the trust deed, they will not be required to source a bond through a bond provider. What happens if a trustee named in the Letters of Authority resigns or dies – does this affect the security bond? On…