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Anglo American PLC (LSE:AAL) | RNS | Anglo American PLC - Demerger of South Africa thermal coal operations

Anglo American PLC (LSE:AAL) | RNS | Anglo American PLC - Demerger of South Africa thermal coal operations
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Absa does a Gupta on Iqbal Survé, cuts off services to

Everything media mogul Iqbal Survé touches is anathema to one of South Africa’s Big Four banks – the same bank that led the charge in cutting off the Gupta family from the banking system in 2016. amaBhungane has established that on 27 August 2020 Absa sent letters to every client directly or indirectly controlled by Survé’s Sekunjalo Investment Holdings, giving 60 days’ notice of termination of services. In subsequent court proceedings late last year, Absa general counsel Marthinus Janse van Rensburg insisted that “[Absa’s] continued association with customers in the Sekunjalo Group posed intolerable reputational, commercial and legal risks.” The companies cut off from their banking facilities include Survé’s main JSE-listed vehicle, African Equity Empowerment Investments (AEEI), its separately listed subsidiaries AYO Technology Solutions and Premier Fishing & Brands, and all subsidiaries of the three companies. Sekunjalo-controlled Independent Media appears una

South africaAbsa janse van rensburgDan matjilaRushaan isaacsWebber wentzelMarthinus janse van rensburgWallace mgoqiJanse van rensburgParliament standing committee onSekunjalo investment holdingsFund managersPublic investment corporationTechnology solutionsStock exchange news serviceCape high courtMpati commission

Absa does a Gupta on Iqbal Survé, cuts all ties

Gallo Images Absa has cut all ties with companies directly or indirectly controlled by Iqbal Survé s Sekunjalo Investment Holdings. The bank says keeping Sekunjalo companies as clients presents intolerable reputational, commercial, and legal risks . The decision was kept secret for seven months – until a chance remark in Parliament two weeks ago. Everything media mogul Iqbal Survé touches is anathema to one of South Africa s big four banks – the same bank that led the charge in cutting off the Gupta family from the banking system in 2016. AmaBhungane has established that on 27 August last year, Absa sent letters to every client directly or indirectly controlled by Survé s Sekunjalo Investment Holdings, giving 60 days notice of termination of services.

South africaAbsa janse van rensburgDan matjilaRushaan isaacsWebber wentzelMarthinus janse van rensburgWallace mgoqiJanse van rensburgSekunjalo investment holdingsFund managersPublic investment corporationAyo technology solutionsStock exchange news serviceJohannesburg stock exchangeCape high courtAbsa bank

Absa does a Gupta on Iqbal Surve, cuts all ties

Absa does a Gupta on Iqbal Surve, cuts all ties
oklahomacitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oklahomacitysun.com Daily Mail and Mail on Sunday newspapers.

South africaAbsa janse van rensburgDan matjilaRushaan isaacsWebber wentzelMarthinus janse van rensburgWallace mgoqiJanse van rensburgSekunjalo investment holdingsIqbal surve sekunjalo investment holdingsFund managersPublic investment corporationSurve sekunjalo investment holdingsAyo technology solutionsStock exchange news serviceJohannesburg stock exchange