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FREE STATE HIGH COURT, BLOEMFONTEIN REPUBLIC OF …
FREE STATE HIGH COURT, BLOEMFONTEINREPUBLIC OF south AFRICACase No. : 1565/2008In the matter between:-FOURWAYS PRECINCT (PTY) LTDA pplicantandSIGNAL CAPITAL AND SECURITIES (PTY) LTDR espondentIN RE:SIGNAL CAPITAL AND SECURITIESP laintiffandFOURWAYS PRECINCT (PTY) LTDD efendant_____HEARD ON:10 FEBRUARY 2011_____JUDGMENT BY: HANCKE, J_____DELIVERED: 24 FEBRUARY 2011_____[1]The applicant (the defendant in the main proceedings pending in this court) has launched an application in terms of the provisions of section 13 of the Companies Act, 61 of 1973, as amended ( the said Act ), read together with Rule 47 of the Uniform Rules of Court, whereby the applicant seeks relief in terms of which the respondent (the plaintiff in the main proceedings) is ordered to furnish security for the defendant s legal costs in the main proceedings.[2]It appears from the papers that the respondent instituted a claim for damages in the amount of R1,2 billion, allegedly suffered as a result of breach of contract against the applicant.
FREE STATE HIGH COURT, BLOEMFONTEIN REPUBLIC OF SOUTH AFRICA Case No. : 1565/2008 In the matter between:-FOURWAYS PRECINCT (PTY) LTD Applicant and SIGNAL CAPITAL AND SECURITIES (PTY) LTD Respondent IN RE:
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