Sinton said at the meeting with Mantashe, now the ANC’s national chairperson, deputy secretary-general Jessie Duarte and NEC member Enoch Godongwana, the bank was asked whether it was part of “white monopoly capital oppressing black people”, and whether the bank’s management was taking instructions from people in Stellenbosch.

“This was the first time I saw my boss (Tshabalala) get really angry,” said Sinton.

He said they explained the policies and procedures leading to the closure of bank accounts, and informed the ANC that they were complying with the law by taking the necessary steps to protect the bank.

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