Absa backs Gordhan in proving hands are tied in Gupta-banks saga

Absa has joined Standard Bank and filed an answering affidavit in support of a case brought by Finance Minister Pravin Gordhan.

Gordhan has made a court application for an order confirming that he cannot interfere in banks’ decisions to cut ties with the Gupta family.

Gordhan went to the High Court after big banks closed the accounts of Gupta-linked businesses to seek a declaratory order that he cannot get involved, despite pressure to act.

Absa filed the affidavit in the high court in Pretoria on Thursday, reports EWN's Clement Manyathela.

Manyathela says the affidavit goes into great lengths to explain why the bank cut ties with the Guptas.

Take a listen to the full report:


This article first appeared on CapeTalk : Absa backs Gordhan in proving hands are tied in Gupta-banks saga


Written by:

Recommended

by NEWSROOM AI
Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

‘Documents show that the fee contract was entered into by Anoj Singh & signed off by the acting CEO Sean Maritz' - Chris Yelland

‘Qedani Mahlangu helped people die then she ran away’ – Stephen Grootes

‘Qedani Mahlangu helped people die then she ran away’ – Stephen Grootes

Stephan Grootes shares his views on the events that unfolded at Life Esidimini and comments on Qedani Mahlangu’s apology.

Metrorail train derails due to vandalism on the central line

Metrorail train derails due to vandalism on the central line

The Central line was set to resume services on Thursday but has been postponed due to vandalism at Heideveld and Netreg stations.

Hawks Mulaudzi neither confirms or denies reports about possible Guptas arrests

Hawks Mulaudzi neither confirms or denies reports about possible Guptas arrests

Hawks spokesperson confirmed working closely with the NPA but cannot disclose cases it is working on until people are charged.

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

Popular articles
[WATCH] London underground train singer performing Shallow on Ellen goes viral

[WATCH] London underground train singer performing Shallow on Ellen goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Unions not happy with Mboweni's announcement to cut public wage bill by 1%

Unions not happy with Mboweni's announcement to cut public wage bill by 1%

Public Servants Association's Reuben Maleka says the government is trying to pit unions against the public.

Wait - why did that debit order go off so early?

Wait - why did that debit order go off so early?

Wendy Knowler, consumer journalist, on Nedbank's early debit orders.

Budget 2020: The big surprise was two billion rand in tax relief

Budget 2020: The big surprise was two billion rand in tax relief

Individual tax payers are actually better off as a result of Budget 2020.

$7 trillion could save the world but not in the way you might think

$7 trillion could save the world but not in the way you might think

A billionaire asset fund manager has told global CEO’s to focus on climate change.

Budget 2020: The good, the bad, and the ugly

Budget 2020: The good, the bad, and the ugly

The Money Show asked three economists for their views on the pros and cons of Budget 2020.

Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Magistrate Desmond Nair provisionally suspended over Bosasa allegations

Nair was charged with two counts of misconduct in November last year following a preliminary investigation by the ministry.

Literacy Project to empower caregivers of pre-school children

Literacy Project to empower caregivers of pre-school children

CEO Steven Roux says they identified that there is a significant number of children who are not getting access to good creches.

Frustrated judge tells Dudu Myeni to answer questions directly - report

Frustrated judge tells Dudu Myeni to answer questions directly - report

The former SA chairperson was giving evidence in the delinquency case brought by Outa and the SA Pilots Association

Mboweni allocates R60-billion for SAA and Eskom

Mboweni allocates R60-billion for SAA and Eskom

Economist Dr Sean Miller says Eskom is a national problem and it is going to need to be bailed out.

Features
History for the Future: Lessons from a Rivonia Trialist
History for the Future: Lessons from a Rivonia Trialist

Life Podcasts presents - the life story of Rivonia Trialist Andrew Mlangeni.
Offshore in context - In partnership with Coronation Fund Managers
Offshore in context - In partnership with Coronation Fund Managers

When it comes to offshore investments, the opportunities are endless. But how do you know that you’re headed in the right directio...
The Money Show with Bruce Whitfield
The Money Show with Bruce Whitfield

A wrap of the day’s business news as well as insight into trends and expert advice on all things money-related.
EWN Headlines
Coronavirus spreads faster outside China, stoking global fears
Coronavirus spreads faster outside China, stoking global fears

Asia reported hundreds of new cases, Brazil confirmed Latin America’s first infection and the new disease - COVID-19 - was also detected for the first time in Pakistan, Sweden, Norway, Greece, Romania and Algeria.
SA’s national debt is spiralling out of control, says DA’s Maynier
SA’s national debt is spiralling out of control, says DA’s Maynier

Reacting to Finance Minister Tito Mboweni’s 2020 budget speech, Western Cape MEC for Economic Opportunities and Finance David Maynier said SOEs again received bailouts despite not performing.
State Security Minister Dlodlo & deputy Zizi Kodwa’s phones ‘cloned’
State Security Minister Dlodlo & deputy Zizi Kodwa’s phones ‘cloned’

Several other department senior officials’ phones were also cloned and there was concern about whether any sensitive information was on them.

LeadSA

Do the right thing. Visit www.leadsa.co.za

© Primedia Broadcasting

Terms & Conditions

Connect With Us