WATCH LIVE | Banxso battle heads to Western Cape High Court

The high-stakes legal battle involving trading platform Banxso reached a critical juncture on Monday as the case was heard in the Western Cape High Court., presided over by Judge Andre Le Grange.

The legal proceedings between Carol Wentzel and others versus Banxso, wherein she endeavours to liquidate the trading enterprise, are being presided over by Judge Andre Le Grange.

Legal analysts suggest that the outcome could have far-reaching implications for South Africa’s financial regulatory body, the Financial Sector Conduct Authority. 

Investors and industry stakeholders are closely watching the case, which could set a precedent for future disputes in the rapidly growing but often volatile forex market.

This is an ongoing story and will be updated as the matter progresses.