BACKGROUND Cornelius Vermaak and Marline Vermaak (“the Vermaaks”) were employed by Paledi Superspar and Paledi Tops (“Paledi”), respectively, as managers of the businesses. Paledi obtained trading stock on credit from the Spar Group Ltd (“Spar”). As security for their acknowledged indebtedness to Spar, on 4 December 2013, two general notarial covering bonds were registered over