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Shuttleworth v South African Reserve Bank and Others (30709/2010) [2013] ZAGPPHC 200

12th August 2013

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[1] The decisions of the first respondent namely, the South African Reserve Bank taken on the 13 October 2009 and 1 December 2009 to impose 10%

[1] The decisions of the first respondent namely, the South African Reserve Bank taken on the 13 October 2009 and 1 December 2009 to impose 10% levy on the applicant’s last remaining blocked loan account assets to the value of amount of R2 504 748 935 became the subject of a dispute before me. The total amount of the 10% levy was calculated by the first respondent as R250 474 893.50.

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