GUMBO & ANOR v ZIMBABWE STOCK EXCHANGE 2004 (2) ZLR 42 (H)

Flynote

Administrative law — statutory bodies — duty to act fairly whether or not acting in a quasi-judicial capacity — decisions subject to review

Administrative law — suspension of applicants' registration as stockbrokers followed by cancellation thereof — suspension not the final step in the process — cancellation of registration subject to an independent consideration by Registrar — in these circumstances no need to consider the merits of applicant's suspension

Practice and procedure — application — new facts coming to the knowledge of respondent after it had filed its opposing papers — need for a further affidavit — application for the filing of the further affidavit granted

Professions and trades — stockbroker — discipline — Committee of Stock Exchange — suspension of stockbroker and referral to Registrar for cancellation — need for Committee to properly examine case against alleged offender and make decision to refer matter — such decision reviewable

Review — reviewable decision — what is — suspension of registration of stockbroker — cancellation of registration of stockbrokers ordered after their suspension — notwithstanding cancellation stockbrokers entitled to bring suspension on review — suspension a decision prejudicially affecting their rights and interests