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South Africa: Guptas try to end bank boycott
Banks cut off ties with super-rich family over ANC relations

WEALTHY Gupta family members sought meetings yesterday with South African banks that have boycotted their business group, jeopardising thousands of jobs.

Absa, FNB, Nedbank and Sasfin, together with auditing transnational corporation KPMG, have all cut off business relations with Gupta companies Oakbay, Sahara Holdings and TNA in an unprecedented boycott over their alleged relationship with the ruling African National Congress (ANC).

The banking boycott coincided with opposition parties’ failed attempt to impeach President Jacob Zuma.

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