Picture: REUTERS
Picture: REUTERS

THE Supreme Court of Appeal has dismissed a government bid to keep a seven-year ban in place on domestic trade in rhino horn, an industry group said on Monday.

The decision has no bearing on a ban on international trade in rhino horn.

Potential domestic buyers could encompass those who see rhino horn as a store of wealth that could appreciate in value, and for decorative purposes.

Thousands of South African rhino have been slain in recent years to meet demand for the commodity in Asian countries.

"Legal finality has now been achieved," Private Rhino Owners Association chairperson Pelham Jones said.

A spokesperson for the Department of Environmental Affairs said it would comment later in the day on the ruling, made on Friday.