Trans Hex Group Ltd v Matsapa Trading 609 CC NO and Others (09/42044)
Trans Hex Group Ltd v Matsapa Trading 609 CC NO and Others (09/42044) [2010] ZAGPJHC 179 (10 December 2010)
The court held that the GDV was authorised to verify the price specified by the producer, which could include conducting its own valuation to test the accuracy of the specified fair market value. The verification by the GDV did not amount to administrative action with direct external legal effect and was not subject to judicial review under PAJA. The independent valuator's fixing of the price, however, was reviewable administrative action. The IDV failed to consider relevant information, specifically the actual market prices achieved for comparable stones and the DEEC tender results, which we…
Source excerpt
- Diamonds Act
- Judicial Review
- Valuation Of Unpolished Diamonds
- Procedural Fairness
- Market Value Determination