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South Africa Case Law

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Commercial And Corporate [2024] ZAMPMHC 33

Mine Guniting CC v Reka Trade 1075 CC (3651/2022)

Mine Guniting CC v Reka Trade 1075 CC (3651/2022) [2024] ZAMPMHC 33 (30 May 2024)

The court found that the Applicant had complied with the statutory requirements for winding up under Section 69(1)(a) of the Close Corporation Act. The Respondent did not dispute its indebtedness, only the calculation of the amount, and failed to tender payment or security for the undisputed portion. The Respondent's challenge to the authority of the Applicant's attorneys was dismissed for procedural non-compliance. The National Credit Act was held not to apply, as the agreement was between juristic persons and the Respondent's turnover exceeded the threshold. The Respondent's allegations of…

  • Close Corporation Winding Up
  • Statutory Demand
  • Reciprocal Obligations
  • Applicability Of National Credit Act
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Commercial And Corporate [2019] ZAGPPHC 442

Cemblock (Pty) Ltd v Mmege Construction and Projects CC and Others (64838/18)

Cemblock (Pty) Ltd v Mmege Construction and Projects CC and Others (64838/18) [2019] ZAGPPHC 442 (20 August 2019)

The court found that the National Credit Act does not apply to the underlying credit agreement or the Acknowledgement of Indebtedness (AOD) because the first respondent is a juristic person with an annual turnover exceeding R2 million and the transaction value exceeds R250,000. The relationship with the second respondent is a credit guarantee, which is excluded from the NCA if the underlying transaction is excluded. The AOD does not constitute a new credit agreement but merely affirms the existing indebtedness under the initial agreement. The respondents failed to provide factual grounds for…

  • Acknowledgement Of Debt
  • Suretyship
  • Applicability Of National Credit Act
  • Credit Provider Registration
  • Settlement Agreements
  • Liquid Document
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South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.