BACKGROUND AND SUMMARY On 12 November 2009, a written loan agreement had been concluded between the Applicant and of Strike Productions (Pty) Ltd (“Strike”) (the “Loan”). In terms of the Loan, an event of default would occur if Strike was liquidated. In such instance, the Standard Bank of South Africa Limited (the “Applicant”) would require
BACKGROUND AND SUMMARY Bothongo Agriculture GP (Pty) Ltd (the “Applicant”) owns the Rhino and Lion Reserve, a plot of land adjacent to the property in respect of which the application was launched (the “Property”). The Applicant sought to acquire the Property from the first respondent, Kerbyland (Pty) Ltd (the “First Respondent”), which Property was being