BACKGROUND AND SUMMARY In July 2016, the Land and Agricultural Development Bank of South Africa (the “First Respondent”) and Westside Trading 570 (Pty) Ltd (“Westside”) entered into a loan agreement (the “Principal Agreement’), in terms of which the First Respondent would advance an amount of R100 Million to Westside for the purpose of acquiring and
BACKGROUND AND SUMMARY On or about 16 July 2001, the first appellant, Visagie & Associates CC duly represented by the second appellant Mr Mullard Visagie (hereinafter together referred to as the “appellants”) entered into a lease agreement with Small Enterprise Finance Agency Ltd (the “respondent”). In terms of the lease agreement, the rentals were payable
SUMMARY On or about 17 February 2005, Innovent Rental & Asset Management Solutions (PTY) Ltd (“the Appellant”), a company that finances the acquisition and leasing of equipment, entered into a Master Rental Agreement (“MRA”) with Transnet SOC LTD (“the Respondent”), under which it would acquire equipment in accordance with the specifications of the Respondent, and