A Northern Cape High Court ruling has held former owners of the liquidated broker house Maswil Finansiele Adviseurs personally liable to Momentum for R474 858.24, plus interest and costs, after finding they had signed binding suretyships.

The judgment underscores that liquidation does not end personal exposure where surety was given, and that a commission account debit supported by a certificate of balance can be enough to prove what is owed unless convincingly rebutted.