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
Browsing: Jacob Zuma
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
FirstRand said it agrees with finance minister Pravin Gordhan that he cannot interfere with their decision to cut ties with the Gupta family. Gordhan last week asked the high court to order that he has no authority to
A group of senior South African business leaders publicly expressed support for finance minister Pravin Gordhan as he faces fraud charges. “South Africa’s democratic transformation cannot afford to have a man of Gordhan’s
President Jacob Zuma appears increasingly vulnerable in a power struggle with his finance chief after a series of new allegations emerged about the business dealings of members of a wealthy family who are his friends and in business
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
President Jacob Zuma has applied for an interdict on the publication of a report by the nation’s graft ombudsman on the alleged influence of the Gupta family in government affairs, public protector Thuli Madonsela said. “He has applied
The showdown between President Jacob Zuma and finance minister Pravin Gordhan over control of the nation’s finances appears to be reaching its endgame, after prosecutors summoned the minister to appear in court next month