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Banks bashed in battle over South African financial system
Four big banks refusing to deal with firms linked to Guptas, president's family
Add BT as a preferred sourcePublished Thu, Feb 2, 2017 · 09:50 PM
Johannesburg
NEW allegations by President Jacob Zuma's supporters that South Africa's biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation's financial system.
Protestors from the ruling African National Congress's (ANC's) youth wing invaded a Barclays Africa Group Ltd branch on Jan 26. On Monday, the ANC's top leaders said the four biggest lenders can't be allowed to continue dominating the industry.
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