B v B (700/2013) [2014] ZASCA 137 (25 September 2014)
The Supreme Court of Appeal held that the plaintiff proved an accrual to the defendant's estate by relying on the defendant's discovered documents and admissions made during cross-examination. The court found that the commencement value for accrual purposes must be reduced by the value of excluded assets as specified in the antenuptial contract, resulting in a commencement value of R108,000, which, when adjusted for inflation, amounted to R234,077.76. The value of the defendant's loan account in Full House Taverns was accepted as R11,101,528 based on admissions made by the defendant's counsel. The liability to the Family Trust was accepted at R418,343, and no assets could be traced to...
- Citation
- [2014] ZASCA 137
- Parties
- Appellant: D E B; Respondent: M G B
- Court
- Supreme Court of Appeal
- Jurisdiction
- South Africa
- Judgment Date
- 25 September 2014
- Case Number
- 700/2013
- Procedural Posture
- Civil Appeal / Appeal From Kwa Zulu Natal High Court, Durban
- Outcome
- Appeal dismissed with costs, save for amendments to the trial court's order.
- Judges
- Lewis, Tshiqi, Theron, Mocumie, Gorven
- Legal Topics
- Matrimonial Property Act, Accrual System, Antenuptial Contract, Excluded Assets, Burden of Proof, Costs Orders
Case Brief
Summary, issues, holding and outcome
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Parties
D E B
Appellant
M G B
Respondent
Procedural Posture
Civil Appeal / Appeal From Kwa Zulu Natal High Court, Durban
Legal Issues
- 1 Whether the plaintiff proved an accrual to the estate of the defendant under the Matrimonial Property Act.
- 2 How the commencement value and excluded assets under the antenuptial contract should be treated in the accrual calculation.
- 3 Whether the evidence and documents relied upon for the accrual calculation were admissible.
Ratio Decidendi
The Supreme Court of Appeal held that the plaintiff proved an accrual to the defendant's estate by relying on the defendant's discovered documents and admissions made during cross-examination. The court found that the commencement value for accrual purposes must be reduced by the value of excluded assets as specified in the antenuptial contract, resulting in a commencement value of R108,000, which, when adjusted for inflation, amounted to R234,077.76. The value of the defendant's loan account in Full House Taverns was accepted as R11,101,528 based on admissions made by the defendant's counsel. The liability to the Family Trust was accepted at R418,343, and no assets could be traced to...
Court Disposition
Appeal dismissed with costs, save for amendments to the trial court's order.
Orders
- The appeal is dismissed with costs, except that the order of the court a quo is amended as follows:
- The defendant is to pay to the plaintiff the sum of R6,478,717.75 by no later than 30 November 2014.
Full Case Text
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