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Shuttleworth v South African Reserve Bank (864/2013) [2014] ZASCA 157

1 October 2014
– 1 Minute Read


The Supreme Court of Appeal (SCA) earlier today delivered judgment in the case of Mark Shuttleworth (Shuttleworth) versus the South African Reserve Bank (SARB). The judgment dealt with the appeal by Shuttleworth against the R250 million “exit levy” which he paid under protest in 2009, in order to obtain the transfer of assets in his blocked loan account.