Pledge and Cession under South African Law
There are various different ways in which an asset may be transferred under South African law. Pledge: A pledge creates a real right over tangible movable property. The asset is placed in the possession of the pledge holder or secured party. In the case of cash, the pledge giver sets up a custody account in the name of the pledge holder. The pledge holder must retain possession of the asset, and is unable to use the asset or fruits of the asset. The pledged assets must also b