Mineral-Loy (Pty) Ltd v Highveld Steel and Vanadium Corporation Limited and Another (A135/2021)
Mineral-Loy (Pty) Ltd v Highveld Steel and Vanadium Corporation Limited and Another (A135/2021) [2025] ZAGPPHC 39 (23 January 2025)
The court held that claim 1.1 had prescribed because Mineral-Loy had sufficient knowledge of the debtor's identity and the facts giving rise to the debt by June 2008, as evidenced by its conduct and pleadings. Mineral-Loy failed to raise the identity argument in replication and did not lack knowledge sufficient to institute action. Regarding claim 2, the court found that Mineral-Loy failed to prove and quantify its damages, as it did not provide factual evidence of its profit margin or commission entitlement, nor did it lead customer evidence. The absence of documentary proof and reliance on…
Source excerpt
- Distribution Agreement
- Prescription Act
- Quantification Of Damages
- Costs Award
- Rule 34 Uniform Rules
- Breach Of Contract