SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

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SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

– Shabalala, S/A President’s Adviser Tags Closing of Gupta bank Accounts a ‘Political Stunt’ 

GUPTA BANK ACCOUNTS CLOSURE A POLITICAL STUNT -ZUMA'S ADVISOR
Jacob Zuma, President of South Africa

SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

The political adviser to South Africa’s President Jacob Zuma, Vuso Shabalala has tagged the decision of the country’s banks to close the Gupta’s family’s accounts as a “political stunt”.

It sends an unequivocal message about who is in power in SA today; who determines what the state may or may not do.” He expressed in an opinion piece published on Politics Web.

The move has been alleged to have nothing to do with morality or the banks protecting their dignities. SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

“Ordinarily, such brazen display of power by banking oligopolies especially, would be met by fierce resistance by democratic forces as it rightly should. But the Guptas are no ordinary mortals, of course, depending on your vantage point.”

For Shabalala, the banks and their “most treasured clients” had showed strong resistance to the implementation of some laws. SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS

He revealed that since 1994, the “Old Establishment” had steadily been chipping away at the power of the ANC-led government. In the last couple of years, they had breached the “Armour around democratic forces” by using brazen lies and innuendo directed at the ANC and its leaders.

He also claimed that the suspension of radical transformation allowed the black middle class to accommodate itself in the “embrace of the Old Establishment”. While the Guptas had benefited from the “democracy dividend”, the “Old Establishment” had benefited much more.

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According to Shabalala, the fight against corruption was being used against a government which was building institutions to promote good governance. When the ANC-led government identified and prosecuted corruption, these cases were used to discredit the government.

He said Cosatu had participated in the formation of Corruption Watch and its former general secretary, Zwelinzima Vavi, was leading the to overthrow the ANC government.

SOUTH AFRICA BANKS CLOSES GUPTA ACCOUNTS