South Africa’s “big four” banks could have been locked out of the international payments system with “absolutely catastrophic” results if they had kept the Gupta family’s bank accounts open in 2016, according to South African Reserve Bank deputy governor Kuben Naidoo.
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Following the Zondo Commission so far, The Reserve Bank warns of ‘catastrophic’ impact if banks kept Gupta accounts open
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Nkosazana Dlamini-Zuma ‘links’ to illicit Gupta cash flows an attempt to block her presidency
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Presidential hopeful Nkosazana Dlamini-Zuma’s backers have labelled reported links between her and alleged illicit flows of funds by the Gupta family as a “clear” attempt to block her from ascending to the party’s top post. Dlamini-Zuma was flagged, along with 27 other people, as individuals that UK financial institutions should review as possibly being involved..
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Black-owned And Led Institutions Have A Legacy of Corruption – EFF
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The Economic Freedom Fighters (EFF) says black-owned and led institutions in South Africa are known for their legacy of nepotism, corruption and kleptocracy. EFF made the assertion while it was celebrating the VSB Mutual Bank decision to shut the Gupta’s business accounts. Earlier this month, it emerged that the VSB Mutual Bank closed the accounts..
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