Posted on 05/29/2016 12:03:33 PM PDT by ameribbean expat
Despite the denials, South Africa’s banks have had enough. In recent weeks, all four of the biggest banks have severed their links to the Guptas, closing the bank accounts of the Gupta holding company, Oakbay Investments.
The Guptas were furious. In newspaper advertisements, they said the banks were jeopardizing the livelihoods of 7,500 of Oakbay’s “employees and dependents.”
The Zuma government swiftly responded by delegating three cabinet ministers to meet with the banks to settle the matter. It was an extraordinary state intervention in a private business dispute. And, critics said, it was further proof of the remarkable power of the Gupta family.
(Excerpt) Read more at theglobeandmail.com ...
IBT banker-bashing starts. Thanks ameribbean expat.
Apparently there still are.
My husband and I ended up in Mombasa on our trek through Kenya...and the town was all black, with Indians doing all the commerce and trade. WHAT a pit hole.
This story, along with the report of land “redistribution” , just demonstrates how quickly someone can make a third world country out of a first world one.
Typical political bait and switch- keep attention on historical grievances while cleaning the place out and doing immeasurable damage to the future.
Mrs BN & I were in Jo-burg in 1980. Skyscrapers, expressways, clean, modern (in some ways more modern than Atlanta, which we were familiar.) Blacks & whites working together, eating in restaurants together.
Sure, there was apartheid, but Soweto was so different than the news media portrayed it. We had “tea” with the black man who was in the same job in South Africa as my wife was in Kenya.
Hopefully, South Africa will not pull an “Idi Amin”, run off all the “Asians” (Indians) and totally destroy the economy. Hopefully.
Another story you don’t hear is that they have a lot of anti-immigrant riots in South Africa because folks from all over the continent and literally dying to enter South Africa, because their economy is still light-years ahead of the rest of the continent.
“Hopefully, South Africa will not pull an “Idi Amin”, run off all the “Asians” (Indians) and totally destroy the economy. Hopefully.”
If they do, don’t worry...China will be by shortly after to invade, conquer, and colonize the continent. Nobody will stop them and you can bet the bank the UN will turn the blind eye to the abuse and genocide.
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