For an application for condonation for late filing to succeed, the following requirements must be satisfied: (a) the delay involved was not inordinate, having regard to the circumstances of the case; (b) there is a reasonable explanation for the delay; (c) there are prospects of success on the main matter should the application be granted; and (d) there is no possible prejudice to the other party should the application be granted. Where an executrix only becomes aware of a default judgment granted against the deceased during the deceased's lifetime after appointment as executrix, and files the application for rescission without delay upon becoming aware, there is a reasonable explanation for the delay. The fact that a party holds a default judgment without a determination on the merits does not constitute prejudice sufficient to defeat a condonation application where the underlying matter has prospects of success.