Neil Phillips has seen his bid to travel to SA blocked by a US judge.
A US judge has denied a bid from hedge fund manager Neil Phillips to travel to South Africa to see his children amid an appeal against a conviction in a foreign exchange case.
South African-born Phillips, the co-founder of Glen Point Capital, was found guilty in October of a scheme to manipulate the rand-dollar exchange rate to trigger a US$20 million (about R250 million at the time) payout.
He had bet Cyril Ramaphosa’s election as ANC leader over Nkosazana Dlamini-Zuma in late 2017 would boost the local currency.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.