SHABANGU v LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA & OTHERS [2019] ZACC 42
Tuesday, 03 December 2019
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
- Published in 2019, law of contract
No Comments
Ratlou v MAN Financial Services (1309/2017) [2019] ZASCA 49
Monday, 15 July 2019
SUMMARY During 2013 Mr Ratlou (“Ratlou”) acquired Phapo Nkone Transport (Pty) Ltd (“PNT”) together with its business. Subsequently, on 24 October 2013, he executed a deed of suretyship in favour of MAN Financial Services SA (Pty) Ltd (“MAN”) to secure a lease agreement between MAN and PNT relating to the lease of trucks and trailers.
- Published in 2019, Contracts, Credit Regulation, News, Procedural law
