This is an AI-generated summary of a selected monitored public legal source and may omit context. It is general information only, not legal advice, and is not a substitute for reading the source or consulting an attorney.
AI summary
The High Court granted leave to appeal to the Full Court of the Gauteng Division, Johannesburg. The judgment says the appeal concerns an exception upheld against Realfin, including issues about standing and the characterisation of a damages claim. The court also recorded that the 15 day amendment period is suspended pending the appeal.
It may be relevant to parties dealing with collective investment schemes, prime services mandates, and disputes about contractual exclusions and damages.
Evidence from source
Leave to appeal is granted to the Full Court of this Division against the whole of the judgment and order of this Court dated 14 May 2026.
Supports: plain_summary
the questions raised the standing of an underlying portfolio of a collective investment scheme to sue a prime services provider directly, and the interaction between an express gross negligence carve-out and a general exclusion of consequen
Supports: plain_summary and why_it_may_matter
the operation of the order granting Investec’s exception, including the 15-day period afforded to Realfin to amend, is suspended pending the outcome of the appeal
Supports: plain_summary