Johannesburg - The Constitutional Court on Tuesday reserved judgment in the SA Reserve Bank's (Sarb's) application for leave to appeal a Supreme Court of Appeal judgment in favour of billionaire entrepreneur Mark Shuttleworth.
The court also heard an application to cross-appeal the SCA judgment by Shuttleworth. This related to the lawfulness of certain aspects of South Africa's exchange control system.
Gideon Marcus, SC, for Shuttleworth, told the court while their chief concern was the matter of the R250.5m repayment owed to Shuttleworth, they also approached the court in the public interest regarding the Currency and Exchanges Act.