Gwede Mantashe to explain why ANC wanted to meet banks over Gupta accounts

ANC Chairperson, Gwede Mantashe followed by Zizi Kodwa,ANC Deputy Secretary General Jesse Duarte and ANC Legal consultant Krish Naidoo arrive at the state capture commission of inquiry where Mantashe was giving evidence on behalf of the ANC.
ANC Chairperson, Gwede Mantashe followed by Zizi Kodwa,ANC Deputy Secretary General Jesse Duarte and ANC Legal consultant Krish Naidoo arrive at the state capture commission of inquiry where Mantashe was giving evidence on behalf of the ANC.
Image: Masi Losi

ANC national chair Gwede Mantashe will explain to the commission of inquiry into state capture why the ANC wanted an audience with the big four banks over the closure of Gupta-linked accounts.

Standard Bank‚ Absa and Nedbank attended‚ but FNB did not.

Mantashe delivered a short opening statement before the commission broke for lunch at 1pm.


Mantashe is expected to testify on his alleged role in pressurising SA’s big four banks into reconsidering their decision to close accounts linked to the Gupta family’s business interests.

Executives from Standard Bank‚ Absa and Nedbank previously told the commission that they were summoned to a meeting in which Mantashe allegedly made them account for why the accounts were closed.

Mantashe also called on ANC members with knowledge of state capture to appear before the commission.

He will continue testifying after lunch.

- TMG Digital.

ANC national chairperson Gwede Mantashe explained why and how the ruling party met with the Gupta-owned Oakbay and South Africa's major banks. Mantashe was testifying at the state capture inquiry on November 27 2018.

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