South African Bank Closes Accounts Held By Zuma Friends

A South African company owned by friends of Jacob Zuma said on Wednesday First National Bank has closed its accounts due to a scandal over its relationship with the president.

“Oakbay has received no reason whatsoever justifying FNB’s actions.

“We are already in the process of moving our accounts to a more enlightened institution,” Oakbay Investments said in a statement.
FNB is a unit of FirstRand

Three other South African companies, including KPMG and Barclays Africa, have severed ties with a firm owned by the Guptas, a family of Indian-born businessmen close to Zuma.

Credit: NAN

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