Read the full judgment text of HCA 7946/1998 on BabelCite. This High Court CFI judgment was delivered on 24 January 2000.
1. First of all, I will refuse the 1st defendant's application to stay the execution of the judgment pending the appeal. I am not satisfied that the 1st defendant has an arguable appeal and execution of the judgment would ruin him. The 1st defendant has not adduced any evidence that this would be the case. As the 1st defendant already owns 95% of the shares, there would be no further complication if it is now required to specifically perform the agreement relating to the remaining 5% shares.