S A Securities Ltd v Greyling [1911] ZATPD 60 (2 May 1911)

Interest - Usury - What Constitutes - Rate - Contract - Interpretation  Stipulation Choosing Domicilium - Costs  -Scale - Action Competent  in Magistrate's Court - Procl.21 of 1902, sec.28

In order to render a transaction usurious, it must be proved to be tainted with extortion, oppression, or something akin to fraud. The rate of interest charged is no criterion. Provisional sentence for interest at the rate of 120 percent allowed.
(Dyason vs Ruthven (3 S., 282) and Reuter vs Yates (1904, T.S. 855) applied and followed.)

A stipulation by a party to a contract whereby he chooses a certain place as his domicilium citandi et executandi is one in  favour of the other party and not in favour of t'lie contractor who, therefore, cannot take advantage of it.

When the lawful holder for value of a bill of exchange, for an amount within a Magistrate's jurisdiction, does not reside in the same district as the defendant, an action on the bill may be brought in the Supreme Court and sec.28 of Procl.21 of 1902 does not oblige the plaintiff to sue in the Magistrate's Court of the defendant's district.