Shuttleworth wins back millions

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In a statement published on his website on Wednesday, Shuttleworth announced the legal victory and said the returned funds would be placed into a trust to help fund litigation at a constitutional level. R250-million is what Mark Shuttleworth was forced to pay the South African Reserve Bank as a 10% “exit levy” when he tried to move his money out of the country. Following a judgement handed down by the Pretoria high court, which refused to order the Reserve Bank to repay Shuttleworth, he took the case to the Supreme Court of Appeal. This court yesterday upheld his appeal and set aside the order of the high court, and ordered the Reserve Bank to pay the damages with interest. Online to give us a two cent on this is....
2 Oct 2014 10AM English South Africa News

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