South African Eagle Insurance Company Limited - Pr
Share code : SAE
ISIN : ZAE000006243
SA Eagle is pleased to confirm that on 28 September 2001, the Supreme Court
of Appeal of South Africa delivered judgement and upheld the appeal in the
matter between:
South African Eagle Insurance Company Limited
and
NBS Bank Limited
Under the terms of the judgement, NBS is ordered to pay SA Eagle the sum of
R25 000 000 (twenty five million rand) and mora interest thereon, amounting
to approximately R16 000 000 (sixteen million rand). NBS is also ordered
to pay the costs of the action.
Ends
Dated: 1 October 2001
For more information contact:
Mr J Carter
Deputy Managing Director: Finance, SA Eagle
Tel: Office - (011) 370-9475 or (011) 370-9111
Cell: 083 281 8034
or
Mrs G Holshausen
Communications Manager
Tel: Office - (011) 370-9173 or (011) 370-9111
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
