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Last checked: 12 Oct 2026, 06:50 UTC

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5 May 2025

Commercial And Corporate [2025] ZAWCHC 192

Leleu N.O and Another v Numacon (Pty) Limited and Others (19065/2024)

Leleu N.O and Another v Numacon (Pty) Limited and Others (19065/2024) [2025] ZAWCHC 192 (5 May 2025)

Court: Western Cape High Court, Cape Town
Case number: 19065/2024
Judge: Slingers

The High Court set aside a valuation insofar as it applied unauthorized discounts in a compulsory share buyout, holding the valuer exceeded his mandate.

Share Valuation
Companies Act Section 163
Compulsory Buyout
Settlement Agreement Interpretation
Minority Discount
Review Of Expert Determination

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2 Nov 2023

Commercial And Corporate [2023] ZAGPJHC 1258

Leleu NO and Another v Numacon (Pty) Ltd and Others (2023-100004)

Leleu NO and Another v Numacon (Pty) Ltd and Others (2023-100004) [2023] ZAGPJHC 1258 (2 November 2023)

Court: South Gauteng High Court, Johannesburg
Case number: 2023-100004
Judge: Moorcroft

The High Court dismissed an urgent application for payment under a settlement agreement, holding the share price was not yet payable because an arbitration-linked residual dispute remained unresolved.

Settlement Agreement Interpretation
Share Buyout
Minority Discount
Urgent Relief
Arbitration Pending
Settlement-agreement-interpretation

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Leleu N.O and Another v Numacon (Pty) Limited and Others (19065/2024)

Leleu NO and Another v Numacon (Pty) Ltd and Others (2023-100004)