How courts declare properties can be sold in execution

Good Morning Cape Town with Lester Kiewit

How and when is it decided that a property is to be auctioned off in order to recoup money owed to creditors? Is it the preferred mechanism to achieve a price that is close to fair market value? How is the reserve price determined? John Maytham speaks to Ciresh Singh, associate professor of mercantile law at UNISA.

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