IN THE HIGH COURT OF SOUTH AFRICA 
(GAUTENG DIVISION, PRETORIA)
4/11/2016
Case Number: 88570/ 2014
In the matter between:
SOUTH AFRICAN RESERVE BANK                                                                                                                                            APPLICANT
And
BARIT, LAWRENCE                                                                                                                                                                             1st RESPONDENT
BARIT,  SHIMON                                                                                                                                                                                       2nd RESPONDENT
DUERR, MICHAEL                                                                                                                                                                               3rd RESPONDENT
DUERR, SOPHIA MARY                                                                                                                                                             4th RESPONDENT
DUERR, JOSEPHINE JOHANNA                                                                                                                                   5th RESPONDENT
DORR, FREDERIC MICHAEL                                                                                                                                             6th RESPONDENT
DORR, CAROLIN CHARLOTTE                                                                                                                                     7th RESPONDENT
DORR, PETER                                                                                                                                                                                           8th RESPONDENT
DORR, ERNST ALBERT                                                                                                                                                             9th RESPONDENT
DORR, ELFRIEDE LUISE                                                                                                                                                      10th RESPONDENT
DORR, WERNER MARKUS                                                                                                                                               11th RESPONDENT
GUIZZARDI, GINA                                                                                                                                                                             12th RESPONDENT
GUIZZARDI, OSCAR                                                                                                                                                                     13th RESPONDENT
GUIZZARDI, MANRICO                                                                                                                                                              14th RESPONDENT
HATHORN, CHRISTOPHER BLAIKIE                                                                                                                 15th RESPONDENT
HATHORN, WALTER PIPER                                                                                                                                              16th RESPONDENT
JOUBERT, GEORGE ROLLAND                                                                                                                                  17th RESPONDENT
JOUBERT, SALLY HELEN                                                                                                                                                      18th RESPONDENT 
HANSCOMB LANG, MICHAEL                                                                                                                                      19th RESPONDENT
SMUDE-LANG, SIBYLLA                                                                                                                                                         20th RESPONDENT
LANG, NICHOLAS HENDRIK                                                                                                                                           21th RESPONDENT
LANG, HERMAN WERNER                                                                                                                                                  22th RESPONDENT
MUNNIK, ZACHARIA PETRONELLA                                                                                                                     23th RESPONDENT
MEYER, HENDRIK                                                                                                                                                                            24th RESPONDENT
MEYER, GWENDOLINE MILDRED                                                                                                                          25th RESPONDENT
HENDRIK MEYER N.O. IN HIS CAPACITY AS 
TRUSTEE FOR THE TIME BEING OF THE                                                                                                26th RESPONDENT
H. MEYER FAMILY TRUST 
GWENDOLINE MILDRED MEYER N.O. IN HER 
CAPACITY AS TRUSTEE FOR THE TIME BEING OF 
THE H. MEYER FAMILY TRUST                                                                                                                                  27th RESPONDENT
IVO MEYER N.O. IN HIS CAPACITY AS TRUSTEE 
FOR THE TIME BEING OF THE
H. MEYER FAMILY TRUST                                                                                                                                                   28th RESPONDENT
PRIEBATSCH, CHARLES DAVID                                                                                                                                29th RESPONDENT
THE MASTER OF THE HIGH COURT                                                                                                                30th RESPONDENT
JUDGMENT
Fabricius J,
1.
Applicant herein is the South African Reserve Bank. It derives its authority and status from the provisions of Section 223 of the Constitution. It is an organ of State as defined in Section 23 9 and is imbued with juristic personality pursuant to Section 2 of the South African Reserve Bank Act 89 of 1998 ("the Act").
2 .
It has private shareholders. The number of shares a person may hold is restricted by the Act   Sections 22 and 23 provide for this. In terms of Section 22   (1) (a), no shareholder is entitled to hold, or hold in aggregate with his associates more than 10 000 shares. An "associate" is defined, amongst others, as a close relative of the particular shareholder.
3,
The main purpose of the application is to direct the Respondent shareholders to dispose of those Reserve Bank shares which they hold in aggregate with their associates, in excess of 10 000.
4.
The Respondents and their associates are shareholders. In the Replying Affidavit, Applicant has limited the actual Respondents to numbers 1 to 11 and 17 to 28.
5.
The First and Second Respondents are the only Respondents who have delivered notices of intention to oppose and have filed an Opposing Affidavit according to the Rules of this Court. Second Respondent is the son of the First Respondent in whose name the Opposing Affidavit is drafted.
6.
I am however satisfied that all the other Respondents have properly been notified of the date of this hearing and that this was done timeously. It is not necessary to provide all the detail of such notifications in this judgment. It appears clearly from the record that the relevant Respondents are adults who would know, like everyone else, that they are also bound by the Rules of Court and cannot simply ignore them with impunity. No German   Court would   tolerate this either.   Many of the initial Respondents have in fact regularized their share-holding according to law.
7.
The Opposing Affidavit of the First and Second Respondents which comprises some 64 pages is a model of evasiveness, of a delaying strategy, of argumentative nature and even contains unwarranted accusations of ma/a tides. No substantiated defence to the claim which is founded in the Act appears. The authority of the deponent to the Founding Affidavit is challenged on spurious grounds. The deponent, who is a practicing Advocate, ought to have appreciated that the Applicant is merely acting according to the clear, unambiguous provisions of the Act, to regularize the statutory share-holding. Nothing more, nothing less. The Respondents have no defence to the claim, unless the Act is set aside. The First Respondent also has no right, on the present facts, to make any submissions on behalf of the other absent Respondents.
It is abundantly clear that the Respondents have not complied with Regulations 3 of the Regulations to the Act, which were published on 13 September 2010.
8.
Before me is also an application by Applicant to strike out certain allegations in the so-called "Duerr documenf'. It is not necessary to deal with those aspects. This "document" is not properly before me and I will simply ignore any irrelevant or scandalous allegations contained therein.
9.
The result is that Applicant's claim is well-founded in law and based on objective facts.
9.1   Prayers 1, 2 and 3 of the Notice of Motion are granted as against Respondents 1 to 11 and 17 to 28.
9.2   No order as to costs is made.
____________________________
JUDGE H.J FABRICIUS 
JUDGE OF THE HIGH COURT GAUTENG DIVISION, PRETORIA
Case number:                                                                                     88570/ 2014
Counsel for the Applicant:                                                 Adv D. Unterhalter SC
                                                                                                                                                   Adv K. Hofmeyr
                                                                                                                                                   Instructed by: Werksmans Attorneys
Counsel for the 1st & 2nd Respondents:       Adv M. E. Manala
                                                                                                                                                   Instructed by: R. S. Tau Attorneys

Date of Hearing:                   3 November 2016
Date of Judgment:             4 November 2016 at 10:00