Peppy Motors (Private) Limited t/a Agritech & 2 Ors v Ruzirun Investments (Private) Limited & 2 Ors

[2023] ZWSC 20

Analyze with AI

Case Details

Court

Supreme Court

Date

17 March 2023

Citation

[2023] ZWSC 20

Judgment No.

SC 20/23

Outcome

unknown

Case Type

Appeal

Bench

Presiding

BHUNU JA

Author

CHATUKUTA JA

Full Bench

BHUNU JACHATUKUTA JAMWAYERA JA

Areas of Law

Commercial LawBanking LawContract Law

Keywords

Deed of settlementConsent orderCurrency conversionInterbank rateSI 33 of 2019Judgment debt

Key Issues

{"issue_text":"Whether the deed of settlement and consent order constituted a new cause of action requiring payment at prevailing interbank rate","issue_type":"law","dispositive":"yes","related_facts":"Deed executed on 20 May 2019, three months after SI 33 effective date"}

This summary was generated by AI. Use Zalari to read the full judgment.

background

Facts of the Case

Background

The appellants sold farming machinery to the first respondent in 2014, with the second respondent as surety. When payment defaulted, the appellants sued and the parties entered into a deed of settlement on 20 May 2019, resulting in a consent order for payment of US$226,000. The respondents made payments in RTGS dollars at 1:1 rate, claiming this satisfied the debt, while appellants argued payment should be at interbank rate.

Read the full judgment, get AI analysis, and find related cases

Open in Zalari →

Zalari is Zimbabwe and Southern Africa's leading AI-powered legal research platform, built by DeepCounsel and powered by Nyamaropa Technologies. Search Zimbabwe Supreme Court and High Court case law instantly, get AI-generated answers with full source citations, and access the most comprehensive corpus of Zimbabwean and Southern African jurisprudence available online. Zalari is the go-to legal AI platform for attorneys, advocates, law students, judges, and corporate counsel across Zimbabwe and South Africa — delivering faster research, smarter insights, and a competitive edge in legal practice. Zalari does not provide legal advice. Always consult a qualified legal practitioner for advice specific to your situation. © 2026 DeepCounsel — a legal technology company democratising access to legal knowledge in Africa.