Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
The aim of this course is to give students a sound theoretical background to the principles and methods through which payment systems can be effected in South Africa. To achieve this objective, the primary focus of this module will be the purpose and function of paper-based and electronic payment mechanisms as well as the recent tools that have taken the dominant role that cash traditionally had as a tool of payment. In addition, this module will consider cheques and components of the negotiable instruments and the liabilities of parties. Further, this course will consider payment clearing systems, consumer protection as well as the regulatory architecture and institutional arrangements that are aimed at averting financial crime that the payment system may be susceptible to.
Within semester assessment: 30%
Minimum total expected workload to achieve the learning outcomes for this module is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Corporations Law (ZUG1016)