BACKGROUND Last year, the High Court of South Africa, North West Division, Mafikeng (the “Court”), was tasked to consider an application for the payment of an amount of R1 303 120.05 plus interest thereon in terms of an acknowledgement of debt (the “AOD”) concluded between friends in or during August 2015. The applicant launched an
BACKGROUND The Applicant is a registered credit provider in terms of the National Credit Act 34 of 2005 (Hereinafter “NCA”). The Respondent is a taxi operator. The Applicant had leased two vehicles to the Respondent as taxis to be used in the operation of his business (“the taxis”). The Respondent was substantially in arrears with
SUMMARY In this matter the applicant seeks to set aside a sale, by auction, of an immovable property. The applicant bases her application on the ground that the sale in execution proceeded in breach of an agreement concluded between the applicant and the first respondent. This application was opposed by the first respondent. The applicant
SUMMARY This appeal concerned section 129(3) of the National Credit Act (the NCA) and whether a default in a credit agreement can be remedied by payments made by a third party and not by, or on behalf of, the consumer itself. The First Respondent, Firstrand Bank Limited t/a RMB Private Bank (RMB), advanced R30 million