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How Gordhan thwarted Gupta arms dealing plans - Mail & Guardian;

How Gordhan thwarted Gupta arms dealing plans - Mail & Guardian

Mail & GuardianHow Gordhan thwarted Gupta arms dealing plansMail & GuardianOusted 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 ...and more »

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

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

Mail & GuardianGordhan's last anti-Gupta gaspMail & GuardianIn 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 ...and more »

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

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

Mail & GuardianGupta-linked bank bid now in Gigaba's handsMail & GuardianVardospan 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 ...and more »

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

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

eNCAVardospan to seek extension on Habib Overseas Bank buy-outeNCAFile: 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 ...and more »

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

Gordhan opens up about Habib BankCreamer Media's Engineering NewsSacked 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 ...and more »

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

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

Business Day (registration)High Court dismisses Gupta-linked firm's application to fast-track decision on bank dealBusiness 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 ...and more »

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

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

Huffington Post South Africa (blog)Vardospan To Go Ahead With Plans To Buy Bank Despite Losing In CourtHuffington 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.and more »

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

Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haulEIN 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 ...and more »

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

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

BusinessTechGupta-linked Vardospan loses urgent bid to purchase Habib BankBusinessTechThe 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 ...and more »

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

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

Eyewitness NewsGupta-linked Vardospan loses bid to speed up bank purchaseEyewitness NewsVardospan 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 ...and more »

Gupta-linked bank court bid not urgent - Citizen;

Gupta-linked bank court bid not urgent - Citizen

CitizenGupta-linked bank court bid not urgentCitizenThe 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 ...and more »

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

Treasury: Vardospan must follow process in bank purchaseEyewitness NewsThe 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 ...and more »

Judgment on Vardospan court battle expected - Independent Online;

Judgment on Vardospan court battle expected - Independent Online

Independent OnlineJudgment on Vardospan court battle expectedIndependent OnlinePretoria - 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 ...and more »

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

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

eNCA'Banking Regulator has abused it's position' - Vardospan lawyereNCAFile: 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 ...and more »

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

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

Business Day (registration)Bank licence not to be taken lightly, says Treasury in Vardospan fightBusiness 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 ...and more »

Vardospan application dismissed - Moneyweb.co.za;

Vardospan application dismissed - Moneyweb.co.za

Moneyweb.co.zaVardospan application dismissedMoneyweb.co.zaJudge 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 ...and more »

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

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

Mail & GuardianDon't push us around, Reserve Bank tells Gupta alliesMail & GuardianThe 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 ...and more »

Gordhan's vision will be celebrated - Mail & Guardian;

Gordhan's vision will be celebrated - Mail & Guardian

Mail & GuardianGordhan's vision will be celebratedMail & GuardianThe 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 ...and more »

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

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

Independent OnlineNational Treasury asks court to dismiss #Vardospan's applicationIndependent OnlineCape 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 ...and more »

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

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

Eyewitness NewsSarb: Why we didn't ok purchase of bank to Gupta-linked companyEyewitness NewsVardospan 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 ...and more »