A fairly recent case that involved important issues pertaining to money,
banks and their clients was Joint Stock Company Varvarinskoye v ABSA Bank
Ltd & Others ( 3 All SA 130 (A) (‘Joint Stock’)). In my analysis I will
discuss the role and nature of money and banks, as well as important features
of relevant legal principles of banking law. The judgment is considered
against this background in order to determine its potential impact and
influence on banking law and in general on the business of banks.