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South Africa Case Law

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Banking And Finance [2024] ZAECQBHC 78

Zoomlion Capital South Africa (Pty) Ltd v Ferreira and Another (1710/2023)

Zoomlion Capital South Africa (Pty) Ltd v Ferreira and Another (1710/2023) [2024] ZAECQBHC 78 (10 December 2024)

The High Court granted provisional sequestration of the respondents’ joint estate, finding a liquidated claim, factual insolvency, and likely benefit to creditors.

  • Insolvency Act 24 Of 1936
  • Provisional Sequestration
  • Liquidated Claim
  • Advantage To Creditors
  • Factual Insolvency
  • Provisional-sequestration
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Civil Procedure [2020] ZAFSHC 4

J.J v A.J (4041/2019)

J.J v A.J (4041/2019) [2020] ZAFSHC 4 (9 January 2020)

The court found that the applicant's half share in the property was the only meaningful asset for creditors, but the respondent had a prior personal right to the property under a court-sanctioned Deed of Settlement. The respondent's ongoing payment of the bond and her status as primary resident, together with her children, meant that sequestration would unjustly prejudice her rights and potentially result in eviction. The court emphasized the constitutional right to adequate housing and the need to consider alternatives such as debt review under the National Credit Act. The applicant failed t…

  • Voluntary Surrender
  • Insolvency Act 24 Of 1936
  • Debt Review
  • Adequate Housing
  • Personal Rights In Property
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Commercial And Corporate [2019] ZAGPJHC 393

Nedbank Limited v Master of the High Court and Another (43581/16)

Nedbank Limited v Master of the High Court and Another (43581/16) [2019] ZAGPJHC 393 (31 October 2019)

The court held that the Supreme Court of Appeal and Constitutional Court judgments in Diener are binding and dispositive of the central issue. Sections 135(4) and 143(5) of the Companies Act 71 of 2008 do not create a super-preference for the business rescue practitioner’s claim for remuneration and expenses over secured creditors. Instead, the BRP’s claim is a preferential claim against the free residue, ranking ahead of post-commencement financiers and unsecured creditors, but not ahead of pre-business rescue secured creditors. The Master’s reliance on the Murgatroyd judgment was misplaced,…

  • Business Rescue Proceedings
  • Liquidation Preference
  • Remuneration Of Business Rescue Practitioner
  • Companies Act 71 Of 2008
  • Insolvency Act 24 Of 1936
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South Africa decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.