Agardo Investments (Pty) Ltd v National Stokvel Association of South Africa (2023/034657)
Agardo Investments (Pty) Ltd v National Stokvel Association of South Africa (2023/034657) [2025] ZAGPJHC 552 (9 June 2025)
The applicant failed to prove the existence of a binding contract with NASASA. There was no evidence that NASASA accepted the engagement letter or agreed to its terms. The applicant's director, Mr Motlogeloa, was confirmed to be an employee of Old Mutual, and there was no proof that he acted on behalf of Agardo in dealings with NASASA. The WhatsApp communications did not support Agardo's claim of representation. Furthermore, the absence of Old Mutual as a party to the proceedings undermined the application. The court found the application to be speculative and lacking factual foundation, and…
Source excerpt
- Contract Formation
- Specific Performance
- Discovery Of Documents