Ithala Soc Limited v South African Reserve Bank Prudential Authority and Another (010146/2022) [2022] ZAGPPHC 603 (14 October 2022)

Urgent interim interdict pending the outcome of a review application seeking to review portions of an exercise of statutory function.  Although the Court is not satisfied that the application deserved to be heard as one of urgency, the Court entertained the application for the sake of finality.  The applicant failed to meet the requirements of an interim interdict.

Held: (1) Application is heard as one of urgency.

Held: (2) The application is dismissed.

Held: (3) The applicant to pay the costs of this application which costs include the costs of employment of two counsel.