Body Corporate of Redberry Park v Sikude NO (9874/2014) [2015] ZAKZDHC 51 ; [2015] JOL 33408 (25 June 2015) per Lopes J.

The High Court refused to grant the administrator’s application, on behalf of the body corporate, to provisionally sequestrate the deceased estate of one of the former members of the body corporate.  The outstanding debor of over R130,00 was in respect arrears levies and compound interest calculated thereon.  The judge queried the charging of interest on arrears at the rate of 2% per month being more than the legal rate of 9.5% per annum.  There was no advantage to creditors and there were other remedies available to recover the outstanding debt.