writ of executionforeign currencyfunctus officio{'1': '1 exchange rate'}statutory instrument 33 of 2019
Tags
executionforeign currencyfunctus officio
legislation
Statutes Cited
High Court Act
Finance Act
ai analysis
Case Summary
Key Issues
{"issue_text":"Whether the court is functus officio and can revisit its previous judgment to address currency execution issues","issue_type":"procedural","dispositive":"yes","related_facts":"Court already pronounced final judgment in HC 8500/19; applicant did not appeal; now seeks to vary execution method"}
{"issue_text":"Whether execution of foreign currency judgment must be at 1:1 rate in terms of SI 33 of 2019","issue_type":"mixed","dispositive":"no","related_facts":"Debt incurred before February 2019; judgment in foreign currency; SI 33 provides for 1:1 conversion"}
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background
Facts of the Case
Background
The applicant sought a declaratory order to set aside a writ of execution issued against her property, arguing that judgment debts expressed in foreign currency should be executed at 1:1 rate with Zimbabwean dollar in terms of SI 33 of 2019. The court dismissed the application on functus officio grounds.
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