TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Rain lashed by Takeover Regulation Panel over Telkom approach

      11 August 2022

      Largest SA telecoms operators launch new industry association

      11 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022

      Rain wants to merge with Telkom: asks to pitch proposal to board

      11 August 2022

      MTN shares climb on robust Nigeria, SA performance

      11 August 2022
    • World

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022

      Disney tops Netflix in streaming subscribers

      11 August 2022

      Jumia says it’s past peak losses, shares jump

      10 August 2022

      Elon Musk sells $6.9-billion of Tesla to avoid Twitter fire sale

      10 August 2022

      Nvidia issues profit warning on slump in demand for graphics cards

      8 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      SIU seeks to set aside R215-million IT tender

      19 July 2022

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Current affairs»Zuma son lashes Gordhan over account closures

    Zuma son lashes Gordhan over account closures

    Current affairs By Agency Staff29 August 2017
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Duduzane Zuma, a son of South African President Jacob Zuma, said all of his bank accounts have been closed because of pressure on financial institutions from former finance minister Pravin Gordhan.

    Duduzane Zuma’s business relationship with the Gupta family, who have been accused of wielding influence over Zuma and some state-owned companies, has been criticised by opposition parties.

    South Africa’s four biggest banks shut Gupta-controlled company accounts last year, citing reputational risk and regulatory concerns. India’s Bank of Baroda, the last lender to continue doing business with them, is in the process of following suit.

    “You have used various state bodies such as the Financial Intelligence Centre and the Reserve Bank to try and destroy me and my business colleagues with no proof of misconduct,” Duduzane Zuma said in an e-mailed copy of an open letter to Gordhan, who was fired by President Zuma in March. “All of my bank accounts have been closed by your ‘friends’ in the banking industry.”

    Duduzane Zuma said he is selling his assets, joining the Guptas, whose Oakbay Investments last week sold media and coal interests. “I am selling my shares to be able to focus my time on clearing my name,” he said.

    Gordhan said he has referred the matter to his lawyers.  — Reported by Antony Sguazzin, with assistance from Paul Burkhardt, Renee Bonorchis and Arabile Gumede, (c) 2017 Bloomberg LP

    Duduzane Zuma Jacob Zuma Pravin Gordhan
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleDoes Telkom’s LIT break net neutrality?
    Next Article Tim Cook rakes in $89.2m in share compensation

    Related Posts

    South Africa asks Dubai to extradite Gupta brothers

    25 July 2022

    South Africa to tackle Eskom ‘mafia’ groups

    14 July 2022

    Moves afoot to fix Eskom’s debt problem

    4 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022

    5 ways to make attack-path management more manageable

    10 August 2022
    Opinion

    SIU seeks to set aside R215-million IT tender

    19 July 2022

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.