Zungu-Elgin Engineering (Pty) Ltd v Jeany Industrial Holdings (Pty) Ltd and Others (1138/2019) [2020] ZASCA 160 (3 December 2020)

Citation
Zungu-Elgin Engineering (Pty) Ltd v Jeany Industrial Holdings (Pty) Ltd and Others (1138/2019) [2020] ZASCA 160 (3 December 2020)
Media Neutral Citation
[2020] ZASCA 160
Hearing date
17 November 2020
Court
Supreme Court of Appeal of South Africa
Case number
1138/2019
Judges
Van der Merwe JA, Ponnan JA, Ledwaba AJA, Poyo-Dlwati AJA, Nicholls JA
Judgment date
3 December 2020
Language
English
Type
Judgment
Media summary
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Flynote

Suretyship – at common law a surety’s right of recourse arises upon payment to creditor – s 154(2) of the Companies Act 71 of 2008 does not alter common law position.

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