Category Archives: From the courts

Mark Shuttleworth took the Reserve Bank on, and won

South Africa-born entrepreneur Mark Shuttleworth has been awarded R250m plus the interest on it by the court of appeal following a lengthy legal battle over exchange control levies. Shuttleworth, who moved from South Africa overseas, paid this levy when he … Continue reading

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How Tommy Molotsi, a pensioner, stood up against Absa Bank and won!

In 2008 Tommy Molotsi, who is a pensioner, paid his bond with ABSA in full. ABSA phoned him and informed him that he had a ‘rebate’ of R 90 000 – 00 because he repaid his bond in 11 years … Continue reading

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