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

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 »

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 ...and more »

Vardospan application dismissed -

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 ...and more »

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 ...and more »

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'. By Sarah Evans. REUTERS/Siphiwe Sibeko. SA Reserve Bank governor Lesetja Kganyago. Vardospan, the Gupta-aligned company which went to court this week ...and more »

'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 PRETORIA - A ruling on the urgency of ...and more »

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 ...and more »

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: Moz. PRETORIA - The businessmen trying to buy Habib Overseas Bank have failed to get their high court ...and more »