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Standard Bank Nominees (Transvaal) (Pty) Ltd and Others v Investec Bank Limited and Another (19269/2011) [2022] ZAGPPHC 28 (2 February 2022)

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IN THE HIGH COURT OF SOUTH AFRICA

GAUTENG DIVISION, PRETORIA



(1)     REPORTABLE: NO

(2)     OF INTEREST TO OTHERS JUDGES: NO

(3)     REVISED

 

Case No: 19269/2011

                                                                                                                                                                                                           

 

                                                                                                                                        

In the matter between:

 

STANDARD BANK NOMINEES (TRANSVAAL) (PTY) LTD                 1st APPLICANT

SHAP ARON NOMINEES (PTY) LTD                                                         2nd APPLICANT

BNS NOMINEES (PTY) LTD                                                                        3rd APPLICANT

WILLIAM JAMES SEBASTIAN BAILEY                                                  4th APPLICANT

LISA DUTHIE                                                                                                  5th APPLICANT

TRUSTEES OF THE GARCIA REVOCABLE FAMILY TRUST            6th APPLICANT

MARTINE MIGNON GUISE                                                                         7th APPLICANT

TANIA HAMILTON                                                                                       8th APPLICANT

TRUSTEES OF THE JAPONICA TRUST                                                   9th APPLICANT

MARY JANE HOPE ROBERTSON                                                             10th APPLICANT

DAVID JOHN SMYTH                                                                                   11th APPLICANT

PATRICK CHARLES SMYTH                                                                      12th APPLICANT

ANGLORAND SECURITIES LIMITED                                                      13th APPLICANT

ELJAY INVESTMENTS INC                                                                         14th APPLICANT

HENTIQ 1843 (PTY) LTD                                                                               15th APPLICANT

DEBORAH JANE PALMER                                                                           16th APPLICANT

RAVEN CREST PROPERTY HOLDINGS (PTY) LTD                              17th APPLICANT

GERARD JOHN CHAPPEL                                                                            18th APPLICANT

HELOISE LEONA MENNE                                                                            19th APPLICANT

ROGER PETER MUNDEL                                                                             20th APPLICANT

MATTHEW LEE STEADMAN                                                                       21st APPLICANT

ALLAN ERIC THOMPSON                                                                             22nd APPLICANT

NICHOLAS ZEHNDER                                                                                    23rd APPLICANT

STEPHEN RICHARD BUCKLE                                                                     24th APPLICANT

GARY DAVID CAHN t/a POPS INVESTMENTS                                        25th APPLICANT

ELIZABETH CATHERINA CHANDLER                                                     26th APPLICANT

MURRAY FRANCIS CHANDLER                                                                 27th APPLICANT

MOHAMED SHIRAZ GANI                                                                            28th APPLICANT

THE TRUSTEES FOR THE TIME BEING                                                   29th APPLICANT

OF THE GARY CAHN FAMILY TRUST

DOUGLAS GILFILLAN                                                                                  30th APPLICANT

MAFUMISA INVESTMENT CLUB                                                               31st APPLICANT

THE EXECUTOR ESTATE LATE                                                                 32nd APPLICANT

ADOLF MARCEL VAN DER STRIECKT

IVO CARLO ZAMBETTI                                                                                33rd APPLICANT

 

and

 

INVESTEC BANK LIMITED                                                                         1st RESPONDENT

RANDGOLD & EXPLORATION COMPANY LIMITED                          2nd RESPONDENT

 

JUDGMENT

(APPLICATION FOR LEAVE TO APPEAL)

 

 

BASSON, J

 

[1]            After duly considering the comprehensive submissions filed on behalf of the parties in the application for leave to appeal, I am of the view that applicants have reasonable prospects of success on appeal.



[2]            In light of the above, the following order is granted:

i)               Leave to appeal to the Supreme Court of Appeal is granted;

ii)              The costs of this application will be costs in the appeal.

 


JUDGE A C BASSON

JUDGE OF THE HIGH COURT

 

Delivered:  This judgment was prepared and authored by the Judge whose name is reflected and is handed down electronically by circulation to the Parties/their legal representatives by email and by uploading it to the electronic file of this matter on CaseLines.  The date for hand-down is deemed to be 2 February 2022.

 

Case number                                   : 19269/2011

 

Matter heard on                               : Decided on the papers

 

Appearances

 

For the Applicant                              : Adv C Loxton SC

                                                              Adv P Farlam SC

                                                              Adv A Price

Instructed by                                     : Korbers Attorneys

 

For the 1st Respondent                   : Adv J Blou SC

Instructed by                                   : Werksmans Attorneys

 

Date of the judgment                      : 2 February 2022