Voltex (Pty) Ltd v Bidvest South Africa Retirement Fund and Others (038191/2025)
Voltex (Pty) Ltd v Bidvest South Africa Retirement Fund and Others (038191/2025) [2025] ZAGPPHC 368 (29 April 2025)
The court found that section 37D(1)(b)(ii)(bb) of the Pension Funds Act provides a statutory basis for the applicant to seek interim relief to preserve pension benefits pending the outcome of civil proceedings for recovery of losses caused by theft and fraud. The applicant demonstrated a prima facie right to such relief, as the pension benefits are the only identified assets from which recovery may be made. The respondents' financial hardship, while significant, does not outweigh the applicant's risk of irreparable harm and the potential frustration of its statutory remedy. The internal guide…
Source excerpt
- Interim Interdict
- Pension Fund Withholding
- Section 37d Pension Funds Act
- Acknowledgement Of Debt
- Urgent Application