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Enforceability of suretyship

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Standard Bank of South Africa Ltd v Clulow: Enforceability of suretyship and role of Certificates of Balance

Photo of Izak Lessing
By Izak Lessing on September 26, 2024

This blog post was co-authored by Adrienne Hendricks, Candidate Attorney.

In a September 2024 decision of the high court, a bank brought a claim based on two certificates of balance against a surety, who had bound himself as surety for all debts owed by the debtor under an overdraft facility agreement with the bank.

The…

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