Tag Archives: law

Context Sensitive Law: What happens when African societal norms meet modern commercial practice?

In short, social forces shape contracts: the stronger the sense of community, the more effective these sanctions are likely to be. The result: A privately ordered system of business behaviour, which exists without reference to the governing law of the state. The underlying adhesive: community. In the absence of conventional forms of collateral, my contract […]

Posted in Africa, Biashara Economics, Business Models, Consumer Behaviour, Culture, Indigenous & Traditional, Informal & Flexible, Marchés africains, Prepaid Economy & Informal Sector, Research, South Africa | Also tagged , , , | Leave a comment

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