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Harare High Court
Francis Mashonganyika v Wedzera Petrolium (Private) Limited
HH 191-2013
Case Details
Court
Harare High Court
Date
13 June 2013
Citation
HH 191-2013
Neutral Citation
[2013] ZWHH 191
Outcome
unknown
Case Type
Trial
Bench
Presiding
Mafusire J
Full Bench
Mafusire J
Areas of Law
Commercial lawContract law
Keywords
Fuel importInvestment returnInterest rateOral agreement
Tags
Fuel import transactionInvestment vs loan disputeInterest rate agreement
legislation
Statutes Cited
- No statutes were cited in this judgment.
ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether the plaintiff was entitled to interest/return on investment at 14% per month","issue_type":"mixed","dispositive":"yes","related_facts":"Three exact payments of US$8,722; audit books showing US$71,022 owing"}
- {"issue_text":"What was the nature of the transaction between parties","issue_type":"mixed","dispositive":"no","related_facts":"Plaintiff's unclear characterization; defendant's denial of interest"}
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background
Facts of the Case
Background
The plaintiff injected US$62,300 into the defendant's fuel import business. The parties disputed whether this was a loan or investment and whether the plaintiff was entitled to 14% monthly interest. The defendant paid US$46,381 in irregular installments. The court found the plaintiff entitled to interest and ordered payment of US$67,522.
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