Good WeekScore one for finance minister Pravin Gordhan, who must be breathing a lot easier following his delicious gambit, seeking a declaratory high court order to the effect that the finance minister has no power to intervene in bank-client contractual relationships — in short, that he cannot order banks to reopen the accounts of the Gupta family. This both shines a light on their murky financial transactions and puts the ball in their court by forcing them to defend the legality of their business affairs. Bad Week
On the other hand, Nazeem Howa has definitely been feeling poorly of late — specifically after Gordhan’s move. He suddenly resigned as the CE of the Gupta-owned Oakbay Investments after apparently being diagnosed with ill health. This is as believable as Schabir Shaik’s infamous "terminal illness" diagnosis that gave the Zuma-linked jailbird only months to live. Shaik was duly released from jail in 2009, only to pop up repeatedly on Durban golf courses. Howa, jus...
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.