Atlas Park Holdings (Pty) Ltd v Tailifts South Africa (Pty) Ltd (28817/2020) [2022] ZAGPJHC 109; 2022 (5) SA 127 (GJ); [2022] 4 All SA 28 (GJ) (21 February 2022)
Court
South Gauteng High Court, Johannesburg
Case number
28817/2020
Judge
Spilg
High Court refused to validate lease agreements under Companies Act s 75(8), finding material non-disclosure, conflict of interest, and misuse of a corporate opportunity.
Volkswagen Financial Services SA (Pty) Ltd v National Credit Regulator (NCT/94937/2017/56(1)) [2019] ZANCT 175 (4 April 2019)
Court
National Consumer Tribunal
Case number
NCT/94937/2017/56(1)
Judges
D Terblanche, M Peenze, B Dumisa
The Tribunal confirmed a modified compliance notice against VWFS for charging prohibited motor-vehicle fees and misleadingly disclosing them in credit agreements.
Johannesburg Stock Exchange and Another v Witwatersrand Nigel Ltd. and Another (18/1988) [1988] ZASCA 18; [1988] 2 All SA 308 (A) (22 March 1988)
Court
Supreme Court of Appeal
Case number
18/1988
Judges
Corbett, Van Heerden, Smalberger, Nicholas, Kumleben
The Supreme Court of Appeal held that the JSE manager (listings) exceeded his powers under Rule 2.3 by imposing conditions on the shareholder announcement that related to the substance of the underlying transaction, rather than its disclosure. The refusal to approve the announcement and the requirement to amend it were ultra vires and constituted a breach of contract. The president's suspension of Witwatersrand Nigel Limited's share listing under section 17(3) of the Stock Exchanges Control Act was not exercised to protect the public interest but rather as a disciplinary measure, which is not…
