BLF applauds Oakbay’s pledge to support Fees Must Fall process

By BO Staff Writer Black Opinion is reissuing the following article which was previously published on the BLF website earlier this morning: It’s now common cause that the former Minister of Finance, Pravin Gordhan, has lost his court application against Oakbay Investments (Pty) Ltd (Oakbay) which is a holding company of the Gupta owned businesses …

Banks to face R60 billion class action suit

By Prinesha Naidoo This article was originally published on the Moneyweb website. South Africa’s largest banks stand to face a R60 billion claim related to their conduct in attaching and selling the homes of defaulting debtors at prices below market value. Advocate Douglas Shaw filed an application on Wednesday for direct access at the Constitutional …

PICTURES: BLF march to the Reserve Bank

By BO Staff Writer On Friday, the Black First Land First (BLF) movement marched to the South African Reserve Bank (SARB) to demand that the institution act on the Public Protector’s preliminary report which found that ABSA illegally benefited from apartheid cash injections from the SARB. BLF joined the ANC Youth League (ANCYL) recently in …

Competition Commission says 17 banks must be prosecuted for collusion

By BO Staff Writer Yesterday, the Competition Commission issued a statement which corroborated what many have been saying for a long time – the banks are corrupt! Seventeen banks – three South African, ABSA, Standard Bank and Investec – have been implicated and are up for prosecution, in a collusion case involving “price fixing and …