Africa Community Media (Pty) Ltd and Others v Standard Bank of SA Ltd (9318/2022; EC08/2023)
Africa Community Media (Pty) Ltd and Others v Standard Bank of SA Ltd (9318/2022; EC08/2023) [2023] ZAWCHC 243 (14 September 2023)
The court found that the applicants satisfied the requirements for an interim interdict. They demonstrated a prima facie right based on constitutional and statutory provisions, and the closure of their bank accounts would cause irreparable harm by undermining their ability to operate and rendering the main proceedings nugatory. The balance of convenience favoured the applicants, as Standard Bank had previously agreed to keep the accounts open pending litigation and had not sought suspension of relevant orders. The court was not persuaded that an adequate alternative remedy existed, given the…
Source excerpt
- Termination Of Banking Relationship
- Interim Interdict
- Section 22 Right To Trade
- Unfair Discrimination
- Competition Tribunal Interim Relief
- Financial Intelligence Centre Act Compliance