How Gordhan thwarted Gupta arms dealing plans - Mail & Guardian

Ousted Finance Minister Pravin Gordhan and officials at treasury were the only stumbling block between a sweet deal for the Guptas trying their hand at arms dealing. After about a year of head-butting between treasury and Denel, the state-owned arms ...

Gordhan's last anti-Gupta gasp - Mail & Guardian

In its final act with Pravin Gordhan at the wheel, the treasury succeeded on Friday in quashing a bid to force it to make an urgent decision about whether a Gupta ally may acquire a bank. On Monday this week, Vardospan Limited applied to the high court ...

Gupta-linked bank bid now in Gigaba's hands - Mail & Guardian

Vardospan Limited's owners must have known they stood little chance of getting a court order to rush through approval to buy Habib Overseas Bank by close of business on Friday. Perhaps they went to court just in case President Jacob Zuma couldn't pull ...

Vardospan to seek extension on Habib Overseas Bank buy-out - eNCA

File: Judge Ronel Tolmay said the would-be buyers of Habib Overseas Bank had waited until the 11th hour to approach the court. Photo: Flickr.com/Mark Moz. PRETORIA - The businessmen trying to buy Habib Overseas Bank have failed to get their high court ...

Gordhan opens up about Habib Bank - Creamer Media's Engineering News

Sacked Finance Minister Pravin Gordhan on Friday said it's up to his successor Malusi Gigaba to take decisions regarding Gupta-linked Vardospan's bid to take over Habib Bank. Gordhan was speaking at a briefing at Treasury, following his axing on Friday ...

High Court dismisses Gupta-linked firm's application to fast-track decision on bank deal - Business Day (registration)

Gupta-linked Vardospan says it is in for the long haul despite the High Court in Pretoria dismissing the urgency of its court bid to fast-track its acquisition of Habib Bank. Friday's ruling meant the merits of the application had not been determined ...

Vardospan To Go Ahead With Plans To Buy Bank Despite Losing In Court - Huffington Post South Africa (blog)

The Gupta-aligned company still wants to pursue the creation of a '100% black-owned challenger bank'. 31/03/2017 14:26 SAST | Updated 5 hours ago. Sarah Evans Sarah Evans is a freelance journalist and a researcher at Code for South Africa.

Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul - EIN News (press release)

“The urgent application brought by Vardospan to compel the South Africa Reserve Bank and the Finance Minister to take a decision regarding the applications for permission to purchase the shares in the Habib Overseas Bank, was struck from the roll for a ...

Gupta-linked Vardospan loses urgent bid to purchase Habib Bank - BusinessTech

The Pretoria High Court has struck down an urgent court application by Gupta-linked company Vardospan relating to its purchase of the Habib Overseas Bank, on the grounds that it lacked urgency. Vardospan had approached the High Court earlier this week ...

Gupta-linked Vardospan loses bid to speed up bank purchase - Eyewitness News

Vardospan approached the High Court in Pretoria to compel the SA Reserve Bank and the Finance Minister to make a decision on whether or not to authorise the purchase. Gavel. Picture: SAPS. Gupta family · National Treasury · SA Reserve Bank ...

Gupta-linked bank court bid not urgent - Citizen

The judge said any emergency was entirely self-created, and even if she found their application was urgent, it was clear that it could not be finalised today. An application by Gupta-linked Vardospan to force the reserve bank, registrar of banks and ...

Treasury: Vardospan must follow process in bank purchase - Eyewitness News

The Gupta-linked Vardospan has approached the court to compel the Reserve Bank and the Finance Minister to make a decision on whether to authorise its purchase of the Habib Overseas Bank. Picture: Supplied. Gupta family · Gupta · National Treasury ...

Judgment on Vardospan court battle expected - Independent Online

Pretoria - Judgement will be delivered on Friday in the High Court in Pretoria in an urgent application by Vardospan for an order forcing the Reserve Bank, Registrar of Banks and Minister of Finance to take a decision on its application to acquire 99.9 ...

'Banking Regulator has abused it's position' - Vardospan lawyer - eNCA

File: Vardospan, which has at least one known Gupta-family associate, is accusing the Registrar of Banks of dragging its feet in deciding on their application to buy Habib Overseas Bank. Photo: via Pixabay.com. PRETORIA - A ruling on the urgency of ...

Bank licence not to be taken lightly, says Treasury in Vardospan fight - Business Day (registration)

Approving a bank licence is not to be taken lightly and spending seven months mulling over the matter is not unreasonable, the Treasury has argued in its opposition to the Gupta-aligned Vardospan Limited's urgent court bid to fast-track the process of ...

Vardospan application dismissed - Moneyweb.co.za

Judge Rene Tolmay has ruled that the attempt by the Gupta-linked Vardospan to force the Reserve Bank and Finance Minister to approve the application to acquire Habib Overseas Bank by the 31 March was unrealistic. She has struck the application off the ...

Don't push us around, Reserve Bank tells Gupta allies - Mail & Guardian

The Reserve Bank and the registrar of banks said they cannot be strong-armed into approving an application for a Gupta business associate to acquire a bank. In an attempt to force a decision from the Reserve Bank, the registrar of banks and the finance ...

Gordhan's vision will be celebrated - Mail & Guardian

The judicial order that Finance Minister Pravin Gordhan is seeking to force the Guptas to back off from the treasury will cement him in history as a visionary and the guardian of an independent banking system. Even now, after getting axed, future ...

National Treasury asks court to dismiss #Vardospan's application - Independent Online

Cape Town – National Treasury on Thursday asked the Pretoria High Court to dismiss an urgent application by Vardospan, a company with links to the Gupta business empire, to press Finance Minister Pravin Gordhan to decide on its bid to buy an overseas ...

Sarb: Why we didn't ok purchase of bank to Gupta-linked company - Eyewitness News

Vardospan approached the High Court in Pretoria to compel the Reserve Bank and Bank Registrar to approve its application for the overseas bank. Treasury director-general Lungisa Fuzile. Picture: treasury.gov.za. State Capture · Guptas · South African ...