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 …
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 …
By BO Staff Writer On 29 July 2017 BLF charged the following 18 banks for various offences including collusion, corruption, theft, fraud and money laundering relating to price fixing and the division of the markets: Accused 1: Bank of America Merrill Lynch International Limited (Bank of America); Accused 2: BNP Paribas; Accused 3: JP Morgan …
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 …
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 …
By Khaya S Sithole The second week in September reminds us of the death of Stephen Bantubonke Biko and the demise of Black Consciousness. It marked this year the 39th anniversary of the assassination of Biko at the hands of the apartheid government. The most ironic element of this week is that the one individual …