Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00


Gordhan/Gupta legal battle could impact powers of Finance Minister

29 March 2017 8:16 AM
Finance Minister wants the High Court to make a declaratory order that he cannot intervene in affairs of banks and Gupta family.

The court case involving Finance Minister Pravin Gordhan, Gupta family and the banks will resume on Wednesday.

The High Court in Pretoria will continue with submissions from the banks.

Finance Minister Pravin Gordhan wants a declaratory order that he cannot intervene in the affairs of the banks and the Gupta family.

Last year the country’s four big banks closed the Guptas’ business accounts citing reputational risk.

On Tuesday, the court ruled out the Financial Intelligence Centre (FIC) certificate which formed part of Gordhan's affidavit, and detailed 72 suspicious transactions involving the Gupta family businesses.

Judge Dunstan Mlambo also told President Jacob Zuma's legal team that he cannot be added as an "interested party" as he (Zuma) had requested.

Zuma wanted to intervene in the matter because Standard Bank filed an explosive response to Gordhan’s application‚ in which it appealed for protection against executive interference in the bank.

The Gupta family's lawyer also did not want Gordhan to be represented by the State lawyer, the application was dismissed by the court.

Listen to Barry Bateman detail what the implications of this court case are...

29 March 2017 8:16 AM