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South Africa Case Law

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Last checked: 8 Oct 2026, 23:00 UTC

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1 Sept 2023

Banking And Finance [2023] ZAWCHC 230

Nedbank Limited v Xanita (Pty) Limited (Previously Great Ideas Production Company (Pty) Limited) (885/2019)

Nedbank Limited v Xanita (Pty) Limited (Previously Great Ideas Production Company (Pty) Limited) (885/2019) [2023] ZAWCHC 230 (1 September 2023)

Court: Western Cape High Court, Cape Town
Case number: 885/2019
Judge: Baartman

Leave to appeal was refused in a banking dispute over demand guarantees, with the court holding the applicant had paid its own debt and shown no prospects of success.

Demand Guarantee
Counter Guarantee
Suretyship Vs Guarantee
Leave To Appeal
Enrichment Claim
Demand-guarantee

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4 Mar 2013

Banking And Finance [2013] ZAGPJHC 102

Denel Soc Ltd v Absa Bank Ltd and Others (19910/2011)

Denel Soc Ltd v Absa Bank Ltd and Others (19910/2011) [2013] ZAGPJHC 102; [2013] 3 All SA 81 (GSJ) (4 March 2013)

Court: South Gauteng High Court, Johannesburg
Case number: 19910/2011
Judge: Malindi AJ

High Court interdicts payment under specified counter-guarantees, holding the demands were not compliant with the guarantees’ terms and refusing immediate payment pending Indian proceedings.

First Demand Guarantee
Counter Guarantee
Strict Compliance
Fraud Exception
Performance Bond
International Trade Finance

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South Africa Case Law

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Nedbank Limited v Xanita (Pty) Limited (Previously Great Ideas Production Company (Pty) Limited) (885/2019)

Denel Soc Ltd v Absa Bank Ltd and Others (19910/2011)