Zalari has raised $2 million USD in a founding round led by Nyamaropa Technologies
Harare High Court
National Merchant Bank Limited v The Cold Chain (Private) Limited
HH 96-2008
Case Details
Court
Harare High Court
Date
16 September 2008
Citation
HH 96-2008
Neutral Citation
[2008] ZWHH 96
Outcome
unknown
Case Type
Trial
Bench
Presiding
MTSHIYA J
Full Bench
MTSHIYA J
Areas of Law
Banking LawCommercial LawForeign Exchange Law
Keywords
Unjust enrichmentForeign currencyExchange rateTelegraphic transferDuplicate payment
Tags
BankingForeign ExchangeUnjust Enrichment
legislation
Statutes Cited
- Exchange Control Regulations (specific regulations not identified)
ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether the defendant is obliged to return the overpayment in Rands","issue_type":"law","dispositive":"yes","related_facts":"Defendant has no foreign currency account; parties' usual dealings were in local currency"}
- {"issue_text":"If not, what is the applicable rate of exchange to determine the Zimbabwe Dollar equivalent","issue_type":"law","dispositive":"yes","related_facts":"Official rate vs parallel market rate dispute"}
This summary was generated by AI. Use Zalari to read the full judgment.
background
Facts of the Case
Background
The plaintiff bank, acting as authorised dealer, duplicated payment of ZAR372,062-80 to the defendant's South African supplier. The defendant acknowledged the debt and tendered payment in Zimbabwe dollars at official exchange rate, which the plaintiff rejected demanding either foreign currency or calculation at parallel market rate.
Read the full judgment, get AI analysis, and find related cases
Open in Zalari →
Legal Intelligence
for Africa.
for Africa.
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.