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South Africa decisions
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Blue House Investments (Pty) Ltd v Uys and Others (16 May 2025) (20261/2024) [2025] ZAWCHC 205 (16 May 2025)
The court granted relief allowing the applicant to perfect and register a pledged member’s interest after loan and pledge breaches, despite a later business rescue plan.
Standard Bank of South Africa v South African Reserve Bank and Others (047643/2023) [2025] ZAGPPHC 481 (15 May 2025)
The court found that the applicant lacked locus standi to challenge the forfeiture of the R10 million in the Nedbank Limited account, as the funds belonged to LCC and the applicant's interest was merely speculative. Regarding the Money Market Account, the court held that the Exchange Control Regulations, as currently drafted, do not apply to cryptocurrency transactions or assets, as cryptocurrency is not recognized as currency or legal tender in South Africa. The court emphasized the need for a restrictive interpretation of penal statutes and found no evidence of contravention of the Exchange…
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Cloete Murray N O and Others v Humansdorp Co-operative Limited (1274/2021) [2022] ZASCA 187; 2023 (3) SA 66 (SCA) (30 December 2022)
The Supreme Court of Appeal held that payment to the respondent was made under valid demand guarantees, not as a disposition by the insolvent company.
Lukoto v Praescripto (Pty) Limited and Others (22212/11) [2014] ZAGPPHC 962 (24 November 2014)
The court ordered delivery of pledge-and-cession documents and held the MLE share pledge survived cancellation of the 2009 agreement.
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