It is WALLIS JA, with HARMS AJ, VAN HEERDEN and MALAN JJA and PETSE AJA all concurring who waxed lyrical in Executive Officer of the Financial Services Board v Dynamic Wealth Ltd &Ors201 2(1) SA 543 when he said:-
“Ever since the bursting of the South Sea Bubble in 1720 governments have recognised the need, in the interests of the investing public, for regulation of the financial services industry”. More
The plaintiff claims against all the defendants jointly and severally the one paying the others to be absolved, payment of a total sum of US$72 181.15, together with interest thereon at the prescribed rate calculated from the date of issue of the summons to the date of payment in full, and costs of suit on the attorney-client-scale. More
The facts of this matter being common cause the counsels agreed to proceed by way of a stated case. The statement of agreed facts outlines the facts as follows. By written agreement dated the 15th of February 2012, the plaintiff extended a credit facility in the sum of US$50 000.00 to Moonrock Services (Pvt) Ltd. The late Tobias Utsiwegota stood as surety and co-principal debtor for the due fulfilment of all the obligations of Moonrock Services (Pvt) Ltd in relation to its indebtedness to the plaintiff, including payment of legal practitioners’ collection commission and costs of suit on the legal... More
This is an opposed application for summary judgment wherein the applicant prays for judgment in the sum of US$1 514 762-20.
It is common cause that following a credit facility agreement dated 22 April 2004, the applicant offered the respondent an offshore loan facility of US$1 514 762-20. More
