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.
Gwede Mantashe to explain why ANC wanted to meet banks over Gupta accounts
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.
READ MORE:
Mosebenzi wa di-Gupta unmasked - Banks finger Zwane as key champion of Guptas
STATE CAPTURE INQUIRY: Mosebenzi Zwane appealed to Nedbank to save Gupta jobs
STATE CAPTURE INQUIRY: Nebank had two meetings with ANC officials
Meetings were 'not hostile' - Gwede Mantashe denies pressurising banks
FNB refused to meet ANC to discuss Gupta bank closures
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