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The South African Litigation Funding Company
The South African Litigation Company Ltd ( “SALFCO” ) is a registered privately owned company (Reg. No. 1995/012744/07) (previous Gilboa Gold One) with its core business being that of:
- The sourcing, selecting , securing and recovery of debtors claims mainly against companies and groups that have definite repayable capacity.
- The raising of capital from various local and international private investors, investor groups, companies and different registered financial funds by offering these parties opportunities to supply the required litigation funding for approved claims in return for a shareholding in the various SALFCO companies
- To also offer larger, selected pre-evaluated claims to International Litigation Funding groups /companies for a pre-determined fee / commission or on a joint venture basis.
|SALFCO’s goal is to become the leading (as the first) South African Litigation Funding Company. SALFCO will invest mainly into legal claims of R 50 million and more in value and will extend to claimants the financial backing and expertise to pursue these larger claims on a level playing field against financially stronger debtors/defendants. SALFCO also aims to offer participating local and international investors new safe low risk investment opportunities|
SALFCO HAS EXPANDED ITS SERVICE TO THAT OF POST COMMENCEMENT FUNDING AS SET OUT IN ARTICLE 135 ( CHAPTER 6) OF THE NEW COMPANIES ACT 71 OF 2008 . SALFCO WILL MAKE PC FUNDING AVAILABLE ON A SELECTED BASIS TO BRP'S WHO HAVE OBTAINED COURT APPROVAL FOR THEIR BUSINESS RESCUE PLANS
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