The Cabinet has resolved to ask President Jacob Zuma to establish a judicial inquiry into the banks and their actions against the Guptas‚ as well as to review the legislation that governs the banking system‚ Mineral Resources Minister Mosebenzi Zwane says.
BDlive reported that the announcement comes as investor confidence in SA is in free-fall‚ as a slew of decisions emerging from the Zuma administration creates growing uncertainty in the rules regulating the economy.
Zwane issued the statement on Thursday evening‚ following a marathon Cabinet meeting held on Wednesday.
While Zuma had not been expected to attend the Cabinet meeting‚ he unexpectedly returned to SA.
Read the full story here: Cabinet to seek judicial inquiry into banks’ moves against the Guptas
– TMG Digital/BDlive