Section 197A: Remuneration of receiver
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
197A. Remuneration of receiver
(1) A receiver shall be entitled to receive remuneration at such rates as
may be determined —
(a) by the chargee, where the receiver is appointed pursuant to an
instrument of charge; or
(b) by the Court, where the receiver is appointed pursuant to an application made under section 186.
(2) (a) The remuneration referred to in subsection (1) shall not exceed
such percentage, as may be prescribed, of the gross realisation proceeds on
disposal of assets and any amount received in respect of the property in receivership.
(b) A receiver shall, in addition to a remuneration, be entitled to the
reasonable costs of storage of records required to be kept under section
197 (7) (b).
[S. 197A inserted by s. 11 (l) of Act 4 of 2017 w.e.f. 20 May 2017.]