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In 2015 Pat and Tracy Dithebe established NetMedia (Pty) Ltd which offered internet based news, until it went into liquidation where the company could no

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In 2015 Pat and Tracy Dithebe established NetMedia (Pty) Ltd which offered internet based news, until it went into liquidation where the company could no longer pay its creditors. During the winding up of the company, the liquidators discovered that Mr and Mrs Dithebe , the only shareholders and directors of NetMedia (Pty) Itd hand lent the company P10 million as start up cash injection. This loan was secured by a mortgage bond over the immovable property owned by NetMedia. The liquidator argued that there was not real distinction in law between the Dithebe's and Netmedia and consequently the proceeds of the sale of the company's assets must be utilised to settle all debts owed by the company to its other ordinary creditors. Mr and Mrs Dithebe believed that NetMedia's separate legal identity entitled them to have their secured claim against the company settled first and vowed to take their fights to the highest court in the land. Advise both parties of their respective positions

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