Loan Demand Letter - Demand for Repayment of R176,000 Within 14 Days

Sep 15, 2026

Uploaded by Rowan

Letter from Sheppard & Sanders Attorneys dated 24 March 2014 addressed to Mackenzie Road Maintenance and Civils (Pty) Ltd. It references a written loan agreement concluded on or about 29 July 2013 under which Mac Suppliers CC advanced R176,000 with no interest, repayable in five instalments on specified dates in 2013-2014. As no instalments were paid, the attorneys demand full repayment of R176,000 within 14 calendar days, otherwise legal proceedings will be initiated and costs recovered.

LanguageEnglish

CategoryLetters

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Background of the Loan Agreement

Parties and Loan Terms

Repayment Failure and Demand

Demand Deadline and Consequences

Acknowledgement Request

SHEPPARD & SANDERS ATTORNEYS DATE: 24 March 2014 Our ref: Mr Britz/DB/0123 MACKENZIE ROAD MAINTENANCE AND CIVILS (PTY) LTD 49 RUE BLAIRE CRESCENT SEA POINT CAPE TOWN Dear Sirs, RE: MAC SUPPLIERS CC // MACKENZIE ROAD MAINTENANCE AND CIVILS (PTY) LTD 1 The above matter refers. 2 We act on behalf of our client, Mac Suppliers CC (“our client”) . 3 Our client has instructed us that: 3 1 On or about the 29th of July 2013, our client, duly represented by Mr Mac Bowles, concluded a written loan agreement (the “Agreement”) with Mackenzie Road Maintenance and Civils (Pty) Ltd (“Mackenzie Road Maintenance”) duly represented by an authorized individual. The Agreement contains inter alia the following terms: 3 1 1 Our client lent and advanced to Mackenzie Road Maintenance the sum of R176 000-00 (one hundred and seventy six thousand rand); 3 1 2 There is no interest payable on the agreed loan amount; 3 1 3 The above amount is, in terms of the Agreement, repayable in 5 (five) instalments on the following dates: 3 1 3 1 R35 000-00 (thirty five thousand rand) on 31 July 2013; 3 1 3 2 R35 000-00 (thirty five thousand rand) on 30 November 2013; 3 1 3 3 R35 000-00 (thirty five thousand rand) on 31 December 2013; 3 1 3 4 R35 000-00 (thirty five thousand rand) on 31 January 2014; 3 1 3 5 R36 000-00 (thirty six thousand rand) on 28 February 2014. 3 2 Our client duly performed in accordance with the terms of the Agreement by advancing the sum of R176 000-00 (one hundred and seventy six thousand rand) to Mackenzie Road Maintenance. 3 3 Mackenzie Road Maintenance failed to pay the amounts stipulated in paragraph 3.1.3 above on the agreed dates. In fact , no payment of any of the aforementioned amounts has been received by our client to date. 4 We therefore demand payment of R176 000-00 (one hundred and seventy six thousand rand) within 14 (fourteen) calendar days from the date of transmission hereof, failing which our instructions are to institute legal proceedings against Mackenzie Road Maintenance for payment of this amount, including recovering the costs that our client has occasioned as a result of Mackenzie Road Maintenance’s failure to comply with the terms of the Agreement. 5 Kindly effect payment into our trust account held at: | | BANK DETAILS SHEPPARD & SANDERS ATTORNEYS
TELEPHONE: (021) 855 7993 TELEFAX: 086 686 7825 | | | | --- | --- | --- | --- | |
BANK | | NEDBAK | | | ACCOUNT NUMBER | | 4550-3120-851 | | | BRANCH NAME | | NEDBANK SEA POINT | | | BRANCH CODE | | 02355 | | 6 Kindly acknowledge receipt hereof. Yours faithfully SHEPPARD & SANDERS ATTORNEYS

FAQs

What loan amount is being demanded in the letter?

The attorneys demand repayment of R176,000 in full.

What repayment schedule was agreed under the loan agreement?

The agreement provided for five instalments, including R35,000 on 31 July 2013, R35,000 on 30 November 2013, R35,000 on 31 December 2013, R35,000 on 31 January 2014, and R36,000 on 28 February 2014.

How long does the recipient have to pay, and what happens if they do not?

Payment must be made within 14 calendar days from transmission. Failing payment, the attorneys’ instructions are to institute legal proceedings for the amount and to recover costs caused by non-compliance.

Sep 15, 2026

Uploaded by Rowan