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ReplayNdlovu Cold Storage (Pty) Ltd · Warehouse 12
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Riverhorse Valley Business Estate, Durban · Warehouse 12 · 2150 m²

Ndlovu Cold Storage (Pty) Ltd

lease 2023-11-01 to 2028-10-31 · 7,00% each November

R12 000,00
recoverable · 8 of 36 lines · rates recovery
R1 500,00 a month from January
25·09
25·10
25·11
25·12
26·01
26·02
26·03
26·04
26·05
26·06
26·07
26·08

Billed vs Permitted

Exceptions first · 36 lines · 12 periods
PeriodBasisBilledPermittedDeltaClause
Window totalR2 997 937,50R2 985 937,50+R12 000,00
2026-0113900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0213900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0313900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0413900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0513900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0613900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0713900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2026-0813900.00 monthly recoveryR15 400,00R13 900,00+R1 500,00cl. 8
2025-09 to 2026-08 · 28 lines · billed matches permittedShow lines
2025-09187500.00 × 1.07^1 (esc Nov, 7%)R200 625,00R200 625,00R0,00cl. 4
2025-0922600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2025-0913900.00 monthly recoveryR13 900,00R13 900,00R0,00cl. 8
2025-10187500.00 × 1.07^1 (esc Nov, 7%)R200 625,00R200 625,00R0,00cl. 4
2025-1022600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2025-1013900.00 monthly recoveryR13 900,00R13 900,00R0,00cl. 8
2025-11187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2025-1122600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2025-1113900.00 monthly recoveryR13 900,00R13 900,00R0,00cl. 8
2025-12187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2025-1222600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2025-1213900.00 monthly recoveryR13 900,00R13 900,00R0,00cl. 8
2026-01187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0122600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-02187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0222600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-03187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0322600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-04187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0422600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-05187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0522600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-06187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0622600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-07187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0722600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6
2026-08187500.00 × 1.07^2 (esc Nov, 7%)R214 668,75R214 668,75R0,00cl. 4
2026-0822600.00 monthly recoveryR22 600,00R22 600,00R0,00cl. 6

Findings

Finding
Clause
Delta
Standing
Rates recovery does not match lease amount
Provable — rates · High · 2026-01 to 2026-08 (8 periods) · Billed R15400.00 vs permitted R13900.00 (delta R1500.00)
cl. 8
R12 000,00
provable
Charge with no lease event behind it
Ledger only · Low · 2026-06 · Estate security levy (R3200.00)
—
R3 200,00
note