04
Jun
Niël Terblanché The High Court of Namibia in Windhoek set aside the Bank of Namibia's (BoN) decision to block the bank accounts of six wholesale and retail businesses. The landmark ruling delivered on 31 May 31 by Judge Shafimane Ueitele, scrutinised and found the actions of the Bank of Namibia and its Acting Director of Exchange Control and Legal Services, Penelao Kapenda, unlawful. The case, brought forward by Nemi Investments 104 CC, Nemi Investments 105 CC, Rani Traders CC, Rundu Cash and Carry CC, Dharani Traders CC, and Oshana Cash and Carry CC, revolved around the acceptance and handling of…