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ARTICLE · 14 JUNE 2022

When Will Prescription Start Running? Commentary On The SCA Judgement

WK Construction (Pty) Ltd v Moores Rowland and Others (952 of 2020) [2022] ZASCA 44...

South AfricaLitigation, Mediation & Arbitration

WK Construction (Pty) Ltd v Moores Rowland and Others (952 of 2020) [2022] ZASCA 44

The recent Supreme Court of Appeal “SCA” judgment passed in the above case is of particular relevance regarding extinctive prescription, breach of contract as well as professional negligence.

WK claimed damages against its auditors “Mazars”. This is following a tremendous R80 000 000.00 loss at the hands of one of its former directors. The director had authorised several fraudulent transactions resulting in funds being transferred for his own benefit. Of the R80 000 000.00 loss, WK was able to recover a sum of R26 000 000.00 from the director. WK subsequently sought to recover the balance from Mazars.

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