Gupta ally seeks declaratory order in bid to buy Habib Overseas Bank

Speaking to Redi Tlhabi, EWN's Barry Bateman sheds light on the Gupta Family's attempt to buy Habib Overseas Bank.

Bateman explains that Vardospan is the company that wants to buy the Habib Overseas Bank.

Salim Essa is the majority shareholder in Vardospan and other Gupta-owned companies.

Bateman says that Vardospan is seeking an explanation from the courts as to why the South African Reserve Bank, the Registrar of Banks and Finance Minister Pravin Gordhan have not yet pronounced on the deal to buy Habib Overseas Bank.

When banks close your accounts, what's the next best thing to do, you buy a bank.

Barry Bateman, EWN Reporter

Listen to Bateman explain the roles of treasury and the Finance Minister in this case:


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Gupta allies approach the courts to buy a bank

Gupta allies approach the courts to buy a bank

An urgent High Court application launched to get the SA Reserve Bank to sign off licence for Vardospan to buy Habib Overseas Bank.

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Standard Bank asked court to rule that entire executive not be permitted to intervene in its dispute with the Gupta companies.

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Guptas vs Gordhan – it’s open war!

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The Money Show’s Bruce Whitfield interviews Intellidex MD and Financial Analyst Stuart Theobald.

'Cagey' Gordhan confirms he's still Finance Minister outside court

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Barry Bateman confirms Pravin Gordhan says he has received no explanation yet why he was asked to cut short his overseas trip.

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The FIC report in Minister Pravin Gordhan's court application shows 60 suspicious transactions linked to Gupta-owned companies.

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EWN Reporter Stephen Grootes looks at possible reasons why the President called Pravin Gordhan back into the country.

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