Billionaire Mark Shuttleworth has lost his six year battle for a R250 million refund from the Reserve Bank.
The Constitutional Court has had the final say in the matter, finding that the 10% exit levy he was charged was not … Read the rest
Tag: Mark Shuttleworth
Billionaire Shuttleworth loses SA exchange control case
Billionaire entrepreneur Mark Shuttleworth’s bid to have South Africa’s entire exchange control system declared unconstitutional has failed.
The High Court in Pretoria on Thursday dismissed Shuttleworth’s application to strike down the whole of Section 9 of the Currency and Exchange … Read the rest
Mark Shuttleworth’s court application could sink SA exchange control
Billionaire entrepreneur Mark Shuttleworth’s bid to have South Africa’s exchange control system declared unconstitutional could have a devastating effect on the country, the SA Reserve Bank (SARB) said on Tuesday.
Jeremy Gauntlett SC, for the SARB, argued that the order … Read the rest
SA billionaire wants his money back
Billionaire entrepreneur Mark Shuttleworth has taken the government to court to have the country’s exchange control system declared unconstitutional.
… Read the rest