Investec Bank v Ramurunzi (445/13) [2014] ZASCA 67 (19 May 2014)
25 Sep 2016

Investec Bank v Ramurunzi (445/13) [2014] ZASCA 67 (19 May 2014)

Does a Section 129 Letter of demand

25 Sep 2016

Does a Section 129 Letter of demand interrupt prescription?

It was found that where a credit provider institutes action to enforce payment of a debt arising from a credit agreement, the running of prescription in respect of the debt is interrupted by service of the summons even though a notice in terms of Section 129(1) has been delivered to the consumer only after the prescription period has elapsed.

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