BACKGROUND The case before the High Court of South Africa, Limpopo Division, Polokwane concerns a written Acknowledgement of Debt (the “AOD”) entered into on 22 December 2017, between Mr. Barend Jacobus, representing Diesel Direct (Pty) Ltd (the “Applicant”), and Mr Delmar Nortje, representing Total Vaalwater (the “Respondent”), for the amount of R208 215. 97 for
BACKGROUND The matter arises from a property syndication scheme conducted by the Dividend InvestmentcGroup, which consisted of Div-Vest Holdings (Pty) Ltd and its two wholly-owned subsidiaries.A property syndication is an investment scheme that facilitates the sale of a property, or a number of properties, to a group of investors who become, directly or indirectly, part
BACKGROUND Mantis Investment Holdings Pty (Ltd) (the “Appellant”) was the sole shareholder of Bushman Sands Development (Pty) Ltd (“Bushman Sands”). Bushman Sands borrowed the sum of R19 357 645.00 (Nineteen Million, Three Hundred and Fifty-Seven Thousand, Six Hundred and Forty-Five Rand) from the Eastern Cape Development Corporation (the “First Respondent”). Before the First Respondent could