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Sarb responsible for Shuttleworth payment - minister

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Johannesburg - The South African Reserve Bank (Sarb) was responsible for repaying the exit levy imposed on billionaire entrepreneur Mark Shuttleworth when he took his capital out of South Africa, the Constitutional Court in Johannesburg heard on Tuesday.

"It would have saved Mr Shuttleworth a lot of problems if he had impugned the decision of the minister and not the [SA] Reserve Bank," Patrick Mtshaulana SC, for the finance minister, told the court.

Justice Sisi Khampepe asked Mtshaulana: "Should it not follow that were there a successful review of the decision, the responsibility to pay back the money rests with the minister?"

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