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Renee Bonorchis 1

Bank of Baroda begins closing Gupta-linked accounts

Oakbay Investments, the controversial family's main holding company, said it wasn’t aware that Baroda would close its accounts.

Barclays Africa apologises for its role in rand-fixing

The bank's South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.

Competition Commission seeks to fine banks for rigging rand

Local and international banks allegedly created fictitious bids and offers and co-ordinated trading times to distort demand and supply for profit.

Standard Bank seeks to stop Zuma from intervening in Gupta Case

The bank asked the High Court to prevent the president from intervening in its decision to close accounts of companies linked to the Gupta family.

Medium to high risk that SA credit-rating will be cut to junk – SARB

South Africa remains at significant risk of having its debt downgraded to non-investment status, says the Reserve Bank.

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