Unions applaud Competition Tribunal ruling in Sekunjalo v banks case

Cosatu concerned the country’s banks are taking advantage of the state’s weaknesses by behaving as a law unto themselves

Tribunal slams banks reliance on Bredenkamp and contract law to terminate accounts

Tribunal said the argument advanced by the banks based on ‘reputational risk’, or their reliance on the John Bredenkamp case was misplaced and that none of the pieces of legislation they invoked supported their position.

Survé calls on the banks to stop attack against Sekunjalo

Surve said the Tribunal’s ruling was a vindication of what Sekunjalo has been saying from the very beginning, that the banks were colluding with each other.

LOOK: Egypt has a new pyramid and it’s made of dirt

A group of volunteers in Egypt have collected dirt from the Nile River and made a pyramid out of it and will put it on display for the United Nations Global Climate Change Conference from November 6-18 2022 (COP27).

Praise as Competition Tribunal's interim ruling grants relief against ‘abusive’ banks

Unions, traditional councils and political parties welcome Competition Tribunal ruling but slam the country’s banks

Justice served: Sekunjalo wins another round against the banks

Banks ordered to keep Sekunjalo’s accounts open, and to reopen those that were closed

AYO takes on Access Bank in court, judgment reserved

It emerged in AYO’s arguments in court that Access Bank had relied on the Mpati Report to justify its conduct.

Cop who responded to Senzo Meyiwa shooting denies taking Thabo Mosia from hospital to house

Mosia had said during his testimony that he was delayed in getting to the house as he was not given the address of the home and instead met with officers at the hospital.

Banks harshly criticized for not reporting matters to the FIC

Banks have a duty under the Financial Intelligence Centre Act, Act 38 of 2001 to report reasonable suspicion or knowledge that a financial product or service is being used for illegal purposes to FIC

WATCH: Hopes run high in Senegal as World Cup Trophy touches down

The Fifa World Cup Trophy arrived in Senegal on Tuesday, almost two-and-a-half months ahead of the Qatar World Cup. The current African Cup of Nations champions will be one of five nations from the continent to compete for football’s most coveted prize.