Legal precedent favours banks and others that ‘fired’ Guptas as clients

Can a bank pull the plug on a client for reputational risk?

What are the consequences of the Bredenkamp vs Standard Bank case?

The Money Show’s Bruce Whitfield interviewed Shaun Read, Director of Read Hope Phillips Attorneys.

Scroll down for quotes from the audio below.

The Court found that the bank has a right to protect its reputation and the right not to do business with someone that could threaten its reputation.

Shaun Read, Director of Read Hope Phillips Attorneys

There’s no law that says you have the right to financial services.

Shaun Read, Director of Read Hope Phillips Attorneys

The Guptas have a range of foreign banks they can utilise. They’re not limited to South African banks.

Shaun Read, Director of Read Hope Phillips Attorneys

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Why is its registered address that of a violin shop? Bruce Whitfield interviews Intellidex’s Stuart Theobald.

5 reasons your expenses feel so much more (than the 4.6% inflation rate)

5 reasons your expenses feel so much more (than the 4.6% inflation rate)

The Money Show’s Bruce Whitfield interviews Econometrix Treasury Management Director George Glynos.

Meet Jonathan Ball, founder of South Africa’s leading publisher of English books

Meet Jonathan Ball, founder of South Africa’s leading publisher of English books

The Money Show’s Bruce Whitfield interviews Ball, who created Jonathan Ball Publishers 41 years ago.

Jacob Zuma, step down! - Cheryl Carolus (Former ANC Deputy Secretary General)

Jacob Zuma, step down! - Cheryl Carolus (Former ANC Deputy Secretary General)

Bruce Whitfield spoke to Carolus who was part of the ANC team that prepared the organisation to fight the 1994 election.

SA Inc on Gupta #StateCapture (and JZ's failure to deal with it in Parliament)

SA Inc on Gupta #StateCapture (and JZ's failure to deal with it in Parliament)

The Black Business Council, Business Leadership South Africa and the Chamber of Mines speaks to Bruce Whitfield on The Money Show.

I confirm Guptas offered me Nene’s job - Deputy Finance Minister Mcebisi Jonas

I confirm Guptas offered me Nene’s job - Deputy Finance Minister Mcebisi Jonas

The Money Show’s Bruce Whitfield interviews EWN Reporter Stephen Grootes.

Popular articles
5 reasons why South Africa granted Grace Mugabe diplomatic immunity

5 reasons why South Africa granted Grace Mugabe diplomatic immunity

 Simon Allison, Africa Editor at the Mail & Guardian explains the political considerations behind Mugabe's diplomatic immunity.

"ANN7 and  New Age sale is effectively a transaction between  Manyi and Guptas"

"ANN7 and New Age sale is effectively a transaction between Manyi and Guptas"

Phillip de Wet, Associate Editor at Mail & Guardian breaks down the sale of Gupta owned ANN7 TV Station and The New Age paper.

This is incredibly embarrassing for both countries - SAIIA Head of Governance

This is incredibly embarrassing for both countries - SAIIA Head of Governance

On Saturday international relations minister Maite Nkoane-Mashabane granted diplomatic immunity to Grace Mugabe.

Read and weep: 10 of the most expensive houses in South Africa

Read and weep: 10 of the most expensive houses in South Africa

These super luxury houses with enormous price tags will induce some serious house envy.

44 drivers arrested for drunk driving in WC traffic blitz

44 drivers arrested for drunk driving in WC traffic blitz

Western Cape provincial traffic chief, Kenny Africa gives traffic updates of what he described as a very hectic weekend in the WC.

Grace Mugabe immunity: SA between ‘rock & hard place’

Grace Mugabe immunity: SA between ‘rock & hard place’

Professor Christopher Landsberg has praised the International Relations and Cooperation Minister for her 'honest approach'.

[Watch] John Maytham shuts down victim shamer on air

[Watch] John Maytham shuts down victim shamer on air

A caller wanted to know what the alleged victim had done in order for Grace Mugabe to assault her.

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

The Money Show’s Bruce Whitfield interviews Business Leadership South Africa’s Mohale for his weekly “ShapeShifter” feature.