Prudential Authority v Dlamini and Another (36/2023) [2024] ZASCA 133 (2 October 2024)

Provisional sequestration order sought on the grounds of s 83 and s 84 of the Banks Act 94 of 1990 – prima facie proof of non-compliance with the Prudential Authority’s directive issued under s 83 sufficient to found sequestration application – the fact that reliance was also placed on s 84 to establish insolvency of the respondents is of no moment as long it is shown on either ground that sequestration will be to the advantage of creditors – appeal against refusal to grant provisional sequestration upheld