South Africa Minister Urges Review of Gupta Account Closures

  • Cabinet didn’t mention proposals in statement issued Friday
  • Nedbank CEO Brown says lender would cooperate with any probe

A South African cabinet committee called for a judicial review to consider creating a state bank and probe the mandates of banking oversight bodies after the nation’s four biggest lenders said they would stop doing business with a family that has ties to President Jacob Zuma.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.