South Africa’s largest banks backed finance minster Pravin Gordhan’s stance that he has no power to stop them from closing the accounts of a company controlled by friends of President Jacob Zuma. FirstRand, Standard Bank, Barclays
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The chances of finance minister Pravin Gordhan keeping his job after prosecutors charged him with fraud brightened on Wednesday after he won the backing of cabinet and President Jacob Zuma appointed him to a task force
Oakbay Investments, which is controlled by President Jacob Zuma’s friends the Gupta family, has demanded finance minister Pravin Gordhan withdraw a court application implicating the company in “suspicious transactions”, a
Finance minister Pravin Gordhan filed court papers that implicate President Jacob Zuma’s friends, the Gupta family, and companies they control in “suspicious transactions” totaling R6,8bn, signalling
Finance minister Pravin Gordhan described fraud charges against him as frivolous and unfounded and said he has no intention of relinquishing his post unless President Jacob Zuma fires him. His lawyers will
The release of a report by South Africa’s graft ombudsman into the alleged influence of President Jacob Zuma’s friends, the Gupta family, in government affairs has become bogged down in the courts, with legal actions lodged to
Finance minister Pravin Gordhan was summoned to appear in court on fraud charges next month, the latest twist in a struggle with President Jacob Zuma that could cause South Africa’s credit rating to be downgraded to
The SABC must act in line with a commitment President Jacob Zuma made to the judiciary that government departments and state institutions will not ignore court rulings, according to the ANC. The comments by the party’s
President Jacob Zuma has decided to declare Tuesday, 27 December 2016 a public holiday. The additional holiday comes because Christmas Day falls on a Sunday. Zuma made the decision in terms of section
South Africa’s cabinet has asked President Jacob Zuma to set up a judicial review to consider creating a state bank as well as the mandates of both the Banking Tribunal and Banking Ombudsman after the nation’s four biggest lenders said they would stop doing business with