Guptas launch urgent court bid to keep Bank of Baroda in SA

Two Gupta owned companies have gone to court to try to force the Bank of Baroda to keep operating in South Africa. At present, it is the only bank that provides the Guptas with banking facilities in the country.

Financial Mail editor Rob Rose says that banks have the right to choose their customers. This is what allowed Absa, Standard Bank, Nedbank and First Rand to fire the Guptas in the first place.

There was a judgment last year where a court said that the Bank of Baroda had to keep providing [the Guptas] with facilities to assist the employees. The Bank of Baroda says that doesn't apply to closing down operations, and they are entitled to that.

Rob Rose, Financial Mail editor

Listen to the full interview below:


Recommended

by NEWSROOM AI
Read More
'David Mabuza comes to the deputy presidency with a cupboard full of skeletons'

'David Mabuza comes to the deputy presidency with a cupboard full of skeletons'

From political hits, to tender fraud allegations and Gupta ties. SA's deputy president David Mabuza is no stranger to controversy.

Can this man save the Guptas’ companies (and the jobs of thousands)?

Can this man save the Guptas’ companies (and the jobs of thousands)?

The Money Show’s Bruce Whitfield interviews Louis Klopper, a Senior Business Rescue Practitioner at Coronado Consulting Group.

8 Gutpa companies appoint business rescue practitioners

8 Gutpa companies appoint business rescue practitioners

Ben Theron, COO at OUTA talks about employees who may lose their jobs in Gupta owned companies.

The rise and fall of the #Guptas

The rise and fall of the #Guptas

Jessica Bezuidenhout explains the plight of the Guptas and how they fell from power and the strike at their Optimum Coal Mine.

Eskom slaps Optimum Coal with R105 million penalty amid strike

Eskom slaps Optimum Coal with R105 million penalty amid strike

Fresh protests erupted at Gupta-owned Optimum Coal Mine on Thursday morning as workers fear they will not be paid on Friday.

Popular articles
[WATCH] The world literally laughs at Donald Trump

[WATCH] The world literally laughs at Donald Trump

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

[LISTEN] Pallo Jordan says leaked Mbeki paper on land is 'unfortunate'

[LISTEN] Pallo Jordan says leaked Mbeki paper on land is 'unfortunate'

The leaked 30 paper, seemingly from the Thabo Mbeki Foundation, has been met with mixed reaction.

SA braces for horrific fuel price increases as oil hits 4-year high

SA braces for horrific fuel price increases as oil hits 4-year high

It's monstrous! The Money Show’s Bruce Whitfield interviews the Automobile Association of South Africa's Layton Beard.

Why installing a dash cam in your car is more necessary than you think

Why installing a dash cam in your car is more necessary than you think

Don't have a dash cam? A legal advisor at insurance broker RBS explains why you might want to reconsider.

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

Dros rape: 'He was sitting near the kid's play area...he had his eye on her'

The man allegedly attacked the six-year-old inside a toilet cubicle at a Dros franchise in Pretoria on Saturday.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.