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You are here: Home / News / When Is A South African Insolvency “Surplus” Not Really A Surplus? | SA News

When Is A South African Insolvency “Surplus” Not Really A Surplus? | SA News

31 March 2026 by Guest

Barnard Inc. are most popular:

  • within Insurance, Consumer Protection and Tax topic(s)
  • in Africa

Insolvency law often sounds straightforward until assets,
creditors and court processes are spread across more than one
country.

At first glance, the position seems simple enough. If an
insolvent estate in South Africa has paid its claims, costs and
charges, and money is left over, that balance appears to be a
surplus. Section 116 of the Insolvency Act says that such a surplus
must be paid to the Master and placed in the Guardians’…

Table Mountain: This iconic mountain is a popular tourist destination and offers
breathtaking views of Cape Town and the Atlantic Ocean.

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Reader Interactions

Comments

  1. Retromirage

    8 September 2026 at 9:23 pm

    Fun South African Fact: The world’s largest themed resort hotel in the world – The Palace of the Lost City – is found in South Africa. Surrounding the Palace is a 25 hectare manmade botanical jungle with almost 2 million plants, trees and shrubs.

  2. Delirium

    26 August 2026 at 8:18 am

    Ag man! [Ach-man] This is the Afrikaans equivalent to “Oh man!” and is often used at the beginning of a sentence to express pity, resignation or irritation.Example: “Ag, man!” / “Ag, no man!” / “Ag, shame man!”

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