for subscribers

Gupta bank probe a 'political hit' on Treasury, Sarb - Maynier

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – The recommendation to President Jacob Zuma to set up a judicial inquiry into the banks’ conduct over the blacklisting of Gupta-owned businesses will force rating agencies to downgrade SA to junk status, said Democratic Alliance finance spokesperson David Maynier on Friday.

He said it amounts to a “political hit”, not just on the banking sector, but also on National Treasury and the South African Reserve Bank.

As such, Maynier said the DA would petition Zuma not to establish the judicial commission of inquiry.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.42
(-0.07)
ZAR/GBP
22.74
(+0.07)
ZAR/EUR
20.57
(+0.02)
ZAR/AUD
12.45
(-0.02)
ZAR/JPY
0.16
(-0.11)
Gold
1953.18
(-0.20)
Silver
27.31
(-0.49)
Platinum
954.00
(-0.52)
Brent Crude
45.01
(-1.03)
Palladium
2168.50
(-0.50)
All Share
57419.46
(+0.00)
Top 40
53082.08
(-0.08)
Financial 15
10227.06
(+0.86)
Industrial 25
75743.15
(-0.61)
Resource 10
59161.88
(+0.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 990 votes
It depends on how the funds are used.
74% - 6615 votes
No. We should have gotten the loan elsewhere.
15% - 1389 votes
Vote