Cabinet concerned banks’ action against Guptas could deter investors

21 April 2016 - 15:31
By Linda Ensor

Cabinet is concerned that the action of the major banks in severing relationships with Gupta-associated family businesses could deter investors from investing in the country.Minister of Performance Monitoring and Evaluation Jeff Radebe said at a post cabinet media briefing on Thursday that cabinet had asked Finance Minister Pravin Gordhan‚ Labour Minister Mildred Oliphant and Mineral Resources Minister Mosebenzi Zwane to discuss the matter with the banks.

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