NUM calls meeting with banks over closure of Gupta accounts

The National Union of Mineworkers (NUM) has called for a meeting with major banks to discuss the closure of various Gupta accounts amid fears of job losses.

The Pretoria High Court's rejection of a bid by nearly two dozen Gupta-owned companies to keep their Bank of Baroda accounts open could lead to more than 7 000 employees losing their jobs.

READ: High Court dismisses Oakbay application to stop Bank of Baroda closing accounts

NUM President Thamsanqa Matosa says the union plans to hold a press conference on Tuesday to discuss the issue.

The National Executive Committee of the NUM that took place on Thursday and Friday last week resolved on a number of things. In a briefing tomorrow, we will be communicating decisions taken by the committee.

Thamsanqa Matosa, NUM President

Those decisions include meeting and approaching a number of institutions and individuals.

Thamsanqa Matosa, NUM President

Click on the link below to listen to the full audio...


This article first appeared on 702 : NUM calls meeting with banks over closure of Gupta accounts


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