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Oakbay Investments, the controversial family’s main holding company, said it wasn’t aware that Baroda would close its accounts.
The bank’s South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.
The ANC’s chief parliamentary whip believes the party is in danger of losing national power in two years.
The Democratic Alliance has assembled a task team to supervise the four big municipalities it is running in alliance with smaller parties.
Local and international banks allegedly created fictitious bids and offers and co-ordinated trading times to distort demand and supply for profit.
The central bank wants the merger between the Habib Overseas Bank’s South African unit and a local company to be blocked.
The main target of a Cabinet reshuffle would be Finance Minister Pravin Gordhan, according to political analyst Ralph Mathekga.
The move would bolster Dlamini-Zuma’s profile and chances of replacing Zuma as ANC president.
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.
The department may have to extend its deal with Net 1 UEPS to continue with the R129-billion in annual payments when the contract ends in April.
The president has warded off calls to resign over the scandals that have marred his administration thanks to a bloc of three premiers.
The plan to oust Zuma has significant support in the ANC’s executive committee and it’s difficult to say whether he will survive
Gordhan was detained three times as he worked to bring an end to apartheid, enduring beatings and suffocation at the hands of the police.
Corruption, an arrogant leadership and faction fighting are tearing at the soul the ruling party, according to an internal report.
The public protector is planning a last round of potentially explosive revelations before she steps down next month.
The crack investigative unit is being sucked into a political crisis as it faces allegations that it’s being used to settle scores as Zuma’s enforcer.
The repeated crises have raised question marks over whether the country’s leaders have the ability to do their jobs and what motivates them.
South Africa remains at significant risk of having its debt downgraded to non-investment status, says the Reserve Bank.
