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South Africa decisions
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Nedbank Limited v Tala Light Weight Construction (Pty) Ltd (2024/004680) [2025] ZAGPJHC 52 (31 January 2025)
The High Court granted Nedbank a final winding-up order against Tala Light Weight Construction, finding the company commercially insolvent and unable to pay its debts.
Firstrand Bank Ltd v De Beer NO and Others (3091/2017) [2018] ZALMPPHC 15 (28 February 2018)
The High Court granted judgment for Firstrand Bank against trustees and sureties for unpaid loan and overdraft debts, with interest, costs, and executability orders.
First Rand Limited v Roux N.O and Others (32017/2017) [2018] ZAGPPHC 749 (9 February 2018)
The court found that the Respondents were in breach of their obligations under the facility agreement, having failed to pay both the outstanding loan amount and municipal rates. The Applicant had conducted a proper financial assessment, and there was no evidence of reckless lending. The Respondents' tender to pay arrears and costs was insufficient as it did not address all breaches, particularly the municipal debt, and thus could not reinstate the credit agreement or prevent enforcement of the accelerated debt. The court held that the Applicant was entitled to judgment for the accelerated deb…
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