Absa Bank Limited v Benade and Another (11271/2012) [2019] ZAWCHC 131 (4 October 2019)
Court
Western Cape High Court, Cape Town
Case number
11271/2012
Judge
Le Grange
The High Court upheld Absa’s claim on an overdraft facility, rejected novation and reckless-credit defences, and declared the mortgaged property executable.
Leopont 471 (Pty) Ltd v Business School Support Services (Pty) Ltd and Others (23953/12) [2015] ZAWCHC 88 (11 June 2015)
Court
Western Cape High Court, Cape Town
Case number
23953/12
Judge
N P Boqwana
High Court exception dismissed where the plaintiff pleaded a new agreement for a preference share and was not bound by the earlier contract’s non-variation clause.
Fedsure Participation Mortage Bond Managers (Pty) Ltd and Another v Sandlundlu (Pty) Ltd (AR409/12) [2013] ZAKZPHC 54 (18 October 2013)
Court
Kwazulu-Natal High Court, Pietermaritzburg
Case number
AR409/12
Judges
Kruger, Ndlovu, Madondo
The court held that Clause 8 of the mortgage bond required a demand before legal costs could be debited to Sandlundlu's account, and no such demand was made. The monthly payments made by Sandlundlu were intended to discharge its interest obligations under the mortgage bond and should have been credited to the bond account, not held in trust. The judgment of 5 August 2002 novated the underlying contractual rights, restricting Fedbond to simple interest at the rate ordered by the court and precluding variation or compounding of interest. The appeal on all grounds failed, and the quantum was ame…