Bhambatha Investments (Pty) Ltd v Vilakazi and Others (03339/2011) [2014] ZAKZDHC 62 (27 November 2014)

Bhambatha Investments (Pty) Ltd v Vilakazi and Others (03339/2011) [2014] ZAKZDHC 62 (27 November 2014)

The court found that the three-year delay in finalising the application for leave to appeal was inexcusable and not supported by any condonation or explanation on affidavit. The main grounds for appeal, namely alleged fraudulent conduct and breach of fiduciary duty by the first respondent, were not properly pleaded...

Source-derived case information.

Citation
[2014] ZAKZDHC 62
Parties
Applicant: Bhambatha Investments (Pty) Ltd; Respondent: Albert Ndeleni Dupree Vilakazi; Respondent: Cynthia Lindiwe Mathe; Respondent: Edward Nathan; Respondent: Sonnenbergs (Pty) Ltd
Court
Kwazulu-Natal High Court, Durban
Jurisdiction
South Africa
Case Number
03339/2011
Procedural Posture
Leave to Appeal / Application for Leave to Appeal After Judgment
Outcome
Application for leave to appeal dismissed with costs.
Judges
Victor
Legal Topics
Leave to Appeal, Director Fiduciary Duty, Fraudulent Conduct, Condonation of Delay
Civil Procedure Commercial and Corporate Leave to Appeal Director Fiduciary Duty Fraudulent Conduct Condonation of Delay

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Parties

Bhambatha Investments (Pty) Ltd

Applicant

Albert Ndeleni Dupree Vilakazi

Respondent

Cynthia Lindiwe Mathe

Respondent

Edward Nathan

Respondent

Sonnenbergs (Pty) Ltd

Respondent

Procedural Posture

Leave to Appeal / Application for Leave to Appeal After Judgment

  1. 1 Whether the three-year delay in finalising the application for leave to appeal should be condoned.
  2. 2 Whether the applicant has raised reasonable grounds for leave to appeal based on alleged fraudulent conduct and breach of fiduciary duty by the first respondent.
  3. 3 Whether new issues not raised in the founding affidavit can be considered on appeal.

Ratio Decidendi

The court found that the three-year delay in finalising the application for leave to appeal was inexcusable and not supported by any condonation or explanation on affidavit. The main grounds for appeal, namely alleged fraudulent conduct and breach of fiduciary duty by the first respondent, were not properly pleaded in the founding affidavit, nor was there any supporting affidavit from Prince Zulu regarding the alleged loss. The court concluded that there was no reasonable possibility that another court would reach a different conclusion and dismissed the application for leave to appeal with costs.

Court Disposition

Application for leave to appeal dismissed with costs.

Orders

  • The application for leave to appeal is dismissed with costs.