Judgments

Judgment: Carol M Wentzel v Banxso Pty Ltd & Others

28 August 2025

Dear Member

This judgment handed down in the Western Cape Division deals with the application for provisional liquidation of Banxso, a financial services provider, whose license had been revoked by the FSCA.

The application was granted and the Court found that Banxso's business model was unlawful in terms of the condictio ob turpem vel iniustam causam maxim.

Kindly sent to us by Haroon Laher of Fasken Inc.

Take care,

René Bekker
Chief Operating Officer

  Judgment: Carol M Wentzel v Banxso Pty Ltd & Others. Case No:23249/2024

 

 

 
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