Jacobs and another v Baumann N.O. and others (239/2018) [2019] ZASCA 128 (27 September 2019)

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.