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:


Recommended

by NEWSROOM AI
Read More
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.

Standard Bank asks court to block Zuma and Cabinet from Gupta-banks saga

Standard Bank asks court to block Zuma and Cabinet from Gupta-banks saga

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

Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

Banks insist Oakbay’s call for Gordhan to intervene in its dispute is unlawful

The argument was made on day two of Gordhan’s court action against Gupta-owned companies.

"Jacob Zuma doesn't care about ANC and South Africa"

"Jacob Zuma doesn't care about ANC and South Africa"

Political analyst Prince Mashele says the ANC has to teach President Zuma a lesson if he reshuffles Cabinet to benefit himself.

Gordhan/Gupta legal battle could impact powers of Finance Minister

Gordhan/Gupta legal battle could impact powers of Finance Minister

Finance Minister wants the High Court to make a declaratory order that he cannot intervene in affairs of banks and Gupta family.

Guptas vs Gordhan – it’s open war!

Guptas vs Gordhan – it’s open war!

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

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

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

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

[CARTOON] A Case of State Capture

[CARTOON] A Case of State Capture

EWN's Dr Jack & Curtis take a look at the brewing saga around President Zuma requesting the Finance Minister to return home early.

Gupta-owned companies want financial intelligence report struck from record

Gupta-owned companies want financial intelligence report struck from record

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

Analysis: Possible reasons why Gordhan ordered to return by Zuma

Analysis: Possible reasons why Gordhan ordered to return by Zuma

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

Popular articles
Adriaan Basson the second journalist to lay a charge against an EFF member

Adriaan Basson the second journalist to lay a charge against an EFF member

Earlier on Friday, Karima Brown laid a charge of intimidation against a party member who sent her what she says is a threatening text.

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

'Love your vulva the way it is' - Designer vaginas are dangerous, warns Dr Eve

So-called 'designer vaginas' are created through various surgical or non-surgical procedures, explains clinical sexologist Dr Eve.

Newly launched Socialist Workers Party will contest next years' elections

Newly launched Socialist Workers Party will contest next years' elections

General Secretary of Numsa Irvin Jim says the new party will champion the workers' mandate.

'Shutdown of Ndalo Media is no surprise and is a blow to media diversity'

'Shutdown of Ndalo Media is no surprise and is a blow to media diversity'

The company will reportedly shut its doors in January 2019.

'Cyril is the most popular president since Nelson Mandela'

'Cyril is the most popular president since Nelson Mandela'

Author Max de Preez weighs in on where SA would be if Jacob Zuma was still president and the impact of Ramaphosa now.

Here is what to do if you're affected by driving licence backlog

Here is what to do if you're affected by driving licence backlog

The WC Traffic Department has made provisions to cater for motorists affected by the backlog with the issuing of driving licences.

Gigaba and Dlamini make ANC KZN provincial nominee list

Gigaba and Dlamini make ANC KZN provincial nominee list

EWN reporter Ziyanda Ngcobo says Malusi Gigaba and Bathabile Dlamini have made the provincial nominee list for the ANC KZN.

[WATCH] Internet search for talented singer Nosipho is over...she's been found!

[WATCH] Internet search for talented singer Nosipho is over...she's been found!

Khabazela shares tweets and Facebook posts that have gone viral.