- Flynote
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South African Reserve Bank – debt rescheduling arrangements – oral
agreement of loan – loan of money by foreign national to individuals prohibited –
requirement that debtor a company or close cooperation – written loan agreement
between foreign national and close corporation – money paid to close corporation –
substitution of debtors precluded – close corporation failing to make payment – oral
agreement not novated by written agreement – oral agreement enforceable against
individual debtors.
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Cited documents 4
Judgment 2
- Jacobs and Others v Baumann NO and Others (126/2008) [2009] ZASCA 43 (8 May 2009)
- Wierda Road Wrst Properties (Pty) Ltd v SizweNtsalubaGobodo Inc (1156 of 2016) [2017] ZASCA 170 (1 December 2017)