First Rand Bank Ltd and Another v Azrapart (Pty) Ltd and Another (4437/2024) [2025] ZAFSHC 162 (5 June 2025)
Court
Free State High Court, Bloemfontein
Case number
4437/2024
Judge
Loubser
The court placed Azrapart under business rescue after finding it financially distressed and unconvinced by claims of an imminent R2.6 billion Redcore funding injection.
Unemployment Insurance Fund and Another v Johnson and Others (134443/2023) [2024] ZAGPPHC 765 (30 July 2024)
Court
North Gauteng High Court, Pretoria
Case number
134443/2023
Judge
N Davis
The court granted declaratory and mandatory relief allowing the UIF to exercise voting rights in pledged shares after Homii’s default, and ordered punitive costs.
Pick n Pay Retailers (Pty) Ltd v Cascade Avenue Trading 158 (Pty) Ltd (150/2024) [2024] ZANCHC 18 (26 February 2024)
Court
Northern Cape High Court, Kimberley
Case number
150/2024
Judge
Phatshoane
The applicant established urgency due to ongoing commercial loss and risk to its security, and acted promptly in bringing the application. The respondent's payments were appropriately allocated to historical debt in terms of the agreement, and the respondent remained indebted to the applicant. The contractual provisions entitle the applicant to perfect its security under the General Notarial Bond, and court oversight is required for such perfection. The respondent's arguments regarding the punitive nature of perfection and the alleged supplementation of the applicant's case in reply were reje…