Read the full judgment text of DCCJ 000774/2010 on BabelCite. This District Court judgment.
1. The Plaintiff was a licensed money-lender. It had lent money to the Defendant, who failed to repay. The Plaintiff obtained judgment in default. The Master made an order, among others, that the Defendant was to pay interest on the outstanding loans at judgment rate from the date of judgment until full payment. The Plaintiff appeals such order, on the basis that interest between the date of judgment until full payment shall be at 30% per annum, namely the contractual rate according to the loan