whythawk ratings: measuring effective development

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This whythawk.com site ("our site" or "this site") is owned and operated by Whythawk. Please read these terms and conditions carefully before using our site. By using this site, you automatically agree to all of these terms of use. Whythawk may revise these terms from time to time. If you continue to use our site after we post changes to these terms and conditions, it will mean that you accept those changes.
Use of Materials on this Site
Whythawk maintains this site for your personal information, education, and communication. Please feel free to browse our site. All materials on our site, including but not limited to artwork, photographs, graphics, data collections, methods of analysis, ratings, text and trademarks, are the sole property of Whythawk or its licensors. The exclusive rights to all materials on this site are protected by South African and international laws of copyright, trademark and unfair competition.

You agree to use our site only in a non-commercial manner.  Neither our ratings nor any other information nor the name of Whythawk may be used in advertising or for any other commercial purpose, including solicitation of contributions, without our written permission. You may not copy, reproduce, distribute, modify, display, prepare derivative works based on, republish, transmit, repost or otherwise use the content of our site, without prior written authorization from Whythawk. To request such permission, contact Gavin Chait, Director of Research. In no event may the Whythawk trademarks, symbols, ratings, artwork or other visual or audio elements be reproduced separately from the textual content associated with them on the site.
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This site has security measures in place to protect the loss, misuse and alteration of the information under our control. However, your confidential use of this site cannot be guaranteed by Whythawk. Whythawk shall not be responsible for any harm that you or any person may suffer as the result of a breach of confidentiality with respect to information you transmitted to the site.
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Whythawk has not reviewed all of the sites linked to this site and is not responsible for the privacy practices or the content of any off-site pages or any other sites linked to this site, whether or not they are affiliated with Whythawk. Such linked sites are for your convenience only and you access them at your own risk. Whythawk makes no representations or warranties as to the accuracy or functioning of any such link. That another web site is linked to our site does not constitute endorsement by Whythawk of the owner of the other site, the content of its site, or its products or services.
Limitations on Whythawk's Liability
The materials on this site are provided solely for educational purposes. Your use and browsing of this site is at your own risk. While unlikely, the materials could include technical inaccuracies or other errors. They are provided to you "as is" without warranty of any kind, either express or implied, including but not limited to, warranties of merchantability, non-infringement of intellectual property, and fitness for a particular purpose. Whythawk does not warrant that the functions contained in whythawk.com materials will be uninterrupted or error-free, that defects will be corrected, or that our site or the server that makes it available are free of viruses or other harmful components. Whythawk does not warrant or make any representations regarding the use or the results of the use of the materials on our site in terms of their correctness, accuracy, reliability, or otherwise. You (and not Whythawk) assume the entire cost of all necessary servicing, repair or correction. Applicable law may not allow the exclusion of implied warranties, so the above exclusion may not apply to you.

Under no circumstances, including, but not limited to, negligence, shall Whythawk be liable for any damages whatsoever (including, without limitation, damages for loss of profits, business interruption, loss of information) arising out of or in connection with the use of, or inability to use, the materials on our site, even if Whythawk or a Whythawk-authorized representative has been advised of the possibility of such damages. Applicable law may not allow the limitation or exclusion of liability or incidental or consequential damages, so the above limitation may not apply to you. In no event shall Whythawk's total liability to you for all damages, losses, and causes of action, including but not limited to negligence, arising out of or in connection with your use of this site, exceed the amount paid by you, if any, for accessing this site.
Development Ratings
Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved. All of the information contained herein is based on information obtained from issuers, other obligors, underwriters, and other sources which Whythawk believes to be reliable. Whythawk does not audit or verify the truth or accuracy of any such information. As a result, the information in this report is provided "as is" without any representation or warranty of any kind. A Whythawk rating is an opinion as to the credibility and reliability of an organisation. The rating does not address the risk of loss due to risks other than these, unless such risk is specifically mentioned. Whythawk is not engaged in the promotion of any development organisation. A report providing a Whythawk rating is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with their services. Ratings may be changed, suspended, or withdrawn at any time for any reason in the sole discretion of Whythawk. Whythawk does not provide investment advice of any sort.  Ratings are not a recommendation to use or support any development organisation. Ratings do not comment on the adequacy of market price, the suitability of any organisation for a particular client, or the taxexempt nature or taxability of payments made in respect to any organisation. Whythawk receives fees from issuers, insurers, guarantors, other obligors, and underwriters for rating organisations. The assignment, publication, or dissemination of a rating by Whythawk shall not constitute consent by Whythawk to use its name as an expert in connection with any registration statement filed under any accounting requirements.
General Provisions
The materials on whythawk.com are presented solely for educational purposes in South Africa. Whythawk may make changes to this site at any time without notice. This site is operated by Whythawk from its offices within Cape Town, South Africa. Whythawk does not warrant or represent that materials on our site are appropriate or available for use in other locations. If you choose to access our site from other locations, you do so at your own initiative and you are responsible for complying with local laws, if and to the extent local laws are applicable. Whythawk reserves the right to deny access to the site to anyone at any time.

These terms shall be governed by and construed according to the laws of South Africa, as they are applied to agreements entered into and to be performed entirely within South Africa. Any claim or cause of action arising out of or relating to these terms shall be barred unless such claim or cause of action is brought within one year after it arises; any such claim or cause of action shall be brought only in courts in South Africa, and you consent to jurisdiction of such courts for the purpose of litigating such actions.

Whenever possible, each provision of these terms shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision is deemed prohibited or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of these terms.

This is the entire agreement between us relating to your use of this site. These terms may not be modified by you, in writing or otherwise, unless agreed to in a written document signed by Whythawk.

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