EDITOR’S LUNCHBOX: If the banks won’t have them, Guptas must buy their own
Dumped by big banks, and snubbed over Ubank, the Guptas have gone shopping at the Plaza. And can the Davis committee rebuild the burned bridges of SARS?
Stories of Note Bytes from the digital world A little education, as they say, is dangerous. Witness comments by SABC executive Hlaudi Motsoeneng justifying his irresponsible "10-minute" decision-making process. Even then, the ANC Youth League in KwaZulu-Natal would like to see him in cabinet. It’s hard to separate race from the land issue. The EFF and the FF+ got entangled in such debate, with a predictable outcome. Eskom executives have said they can fund a nuclear-build programme off their balance sheet. But getting started would not be easy as the utility would still need to negotiate with Treasury for guarantees. In My Opinion Matters of debate A Gupta associate has made a bid for Oriental Plaza-based Habib Overseas Bank. One can’t help but draw a link with the Guptas’ need for their own bank, having been cold-shouldered by mineworkers in their attempt to buy into Ubank after being dumped by the big banks. Water Affairs and Sanitation Minister Nomvula Mokonyane stands at the cen...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.