Mthuli Ncube To Fight High Court Ruling Mthuli Ncube To Fight High Court Ruling Minister of Finance and Economic Development Mthuli Ncube has said that the government will fight the High Court judgement which ruled that the conversion of USD bank balances to RGTS was invalid. High Court judge Justice Zhou ruled that the …
Category Archives: High Court
Breaking News: High Court Says USD Debts Must Be Paid In USD
High Court Says USD Debts Must Be Paid In USD In a potentially far-reaching judgment, the High Court has declared INVALID the RBZ Exchange Control Directive No. R120/2018. The directive which created FCA “nostro” accounts (as distinct from “RTGS” accounts) was declared unconstitutional on the grounds that it’s irrational to change the currency …
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