Bidvest Bank Ltd v Wellsted (2023/109082) [2025] ZAGPJHC 618 (25 February 2025)

35 Reportability
Contract Law

Brief Summary

Contract — Guarantee — Enforcement of guarantee — Applicant sought payment of R4 million under a guarantee provided by the respondent — Respondent contested the application — Court held that the guarantee was enforceable and ordered payment of the sum with interest and costs.

## REPUBLIC OF SOUTH AFRICA

## IN THE HIGH COURT OF SOUTH AFRICA GAUTENG LOCAL DIVISION, JOHANNESBURG

CASE NO: 2023/109082

BIDVEST BANK LTD

Applicant

And

WELLSTED: GRAEME-JON

Respondent

Neutral Citation:

Delivered: transmission to the parties via email and uploading onto Case Lines the Judgment is deemed to be delivered. By

JUDGMENT

SENYATSIJ

- sign
- guarantee

A

everything7 circumstances context

contract.

My guarantee

## Order

- [19] Having heard counsel respondent in favour of the applicant for:
2. 19.1 Payment of the sum of R4 million.
3. 19.2. Interest on the aforesaid amount at the rate of prime plus 5% per annum calculated from date of judgment to date of final payment.
4. 19.3 That the to be directed to pay the s costs of opposition to the application. applicant

ML SENYATSI

JUDGE OF THE HIGH COURT OF SOUTH AFRICA GAUTENG DIVISION, JOHANNESBURG