Experience Online Signature Legitimacy for Investment Contract

How to eSign a document: online signature legitimacy for Investment Contract

[Music] hope you're coping lockdown on that note how do we as Africans do business during the lockdown can we get into agreements online can we sign electronically is it binding well the answer to that question is it depends the electronic communications and transaction act is the active governs a tronic signatures in South Africa what is that electronic signature well it is any electronic means but would you intend to be bound that could be an email signature a digital signature a voice tonight or even a thumbs up on what set and the law says that you can enter into any transaction electronically or through an electronic signature however there's one exception and that is if the law requires a signature if the statute requires a signature then you need an advanced electronic signature or an Aes and they're only to the companies that have been authorized by the South African accreditation authority and that is the SA post office and a commit called law trust some examples of law that requires a signature would be the sale of land your property your home surety ships or deeds office documents to name a few so let's use the example of the sale of your property your home online if you enter into a transaction online to sell your home and you use your digital signature to sign the agreement or sale but then that agreement is invalid because you haven't used an advanced electronic signature so how do you get around that it's quite simple you get the email document email to you you print it out you sign it in pen you scan it back to the other party to sign and you keep the original so Africa in this lockdown let's do as much business as we can electronically but beware when you require an advanced electronics