Keewave Trading 373 CC and Others v Nthongoa and Others (4279/2023)
Keewave Trading 373 CC and Others v Nthongoa and Others (4279/2023) [2025] ZAFSHC 19 (30 January 2025)
The court found that the property was purchased with the First Applicant's funds and was registered in the names of the First and Second Respondents only as a temporary measure pending reinstatement of the First Applicant. There was no valid resolution authorizing donation of the property to the First Respondent, and the Respondents' version of a donation was rejected as false and untenable. The First Respondent breached his fiduciary duty by failing to transfer the property back to the First Applicant upon its reinstatement and fraudulently misrepresented his entitlement to sell the property…
Source excerpt
- Fraudulent Transfer Of Property
- Deeds Registries Act
- Close Corporation Membership
- Authority To Institute Proceedings
- Fiduciary Duty
- Setting Aside Registration