The Bank of Baroda, which became embroiled with the Guptas, scandal-ridden businessmen friends of President Jacob Zuma, has announced plans to exit South Africa, the central bank said on Monday.The Bank of Baroda, the last financial institution in South Africa to offering banking services to the Gupta's Oakbay investment holding firm, did not immediately reply to requests for comment.The South African Reserve Bank (SARB) did not disclose reasons for the bank's departure, but said it was in talks to ensure its "orderly withdrawal from South Africa so that no depositor is disadvantaged".Close In September, Oakbay lost a court bid to keep their accounts open at Baroda's South African unit. related news Received full understanding from US on Kashmir reorganisation: India Amtek Auto Q2 net loss widens to Rs 92.24 cr Twitter rolls out global 'hide replies' feature to give users more control However, the next month the High Court ordered Bank of Baroda to keep Oakbay's and its … [Read more...] about Bank of Baroda quits South Africa
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Nigeria. Among the most striking facts about Lotz was his age: 59. A wealth of media reports, witness accounts and photos on social media suggest that he is not the only white mercenary who helped turn the tide against the Islamist militant group Boko Haram in recent weeks, allowing Nigeria to hold a relatively peaceful election. Whether as technical advisers or frontline combatants, some are said to have come from the former Soviet Union but about 300 are reportedly from South Africa and nearing retirement age. Who are the members of this dad’s army, willing to risk death abroad and prosecution at home to fight someone else’s war? What is their motivation? And are they welcomed by those they are ostensibly helping? South Africa has a chequered history of exporting soldiers of fortune. Most belong to a generation of soldiers who felt cast aside when the Berlin Wall fell, Nelson Mandela was released and South Africa’s military needs were drastically reduced. Robbed of … [Read more...] about South Africa’s ageing white mercenaries who helped turn tide on Boko Haram
South African police have fired rubber bullets and teargas to disperse a crowd of anti-immigrant protesters in eastern Johannesburg, a witness has said. About 200 protesters, shouting that they wanted immigrants to leave, had pelted passing vehicles and police with rocks on Thursday, triggering the show of force. At least four people have been killed in a wave of anti-immigrant violence that started two weeks ago in Durban. Johannesburg was the centre of xenophobic attacks in 2008 that killed more than 60 people. The South African president, Jacob Zuma, has called for the killings to stop. “What is happening in our country is not acceptable,” he told state broadcaster SABC in remarks broadcast on Wednesday night. The authorities have erected safe camps in Durban, a key port, for fleeing immigrants – including Ethiopians, Nigerians, Malawians and Pakistanis – whose shops were looted and set of fire. South Africa is home to an estimated 5 million … [Read more...] about South Africa police fire rubber bullets and teargas on anti-immigrant protest
The South African president, Cyril Ramaphosa, has admitted the country is facing a national crisis of violence against women as protesters took to the streets for a third successive day. Ramaphosa addressed the nation on Thursday evening with a plan of action to curb the scourge of gender-based violence, including a proposal to make a register of offenders public. He claimed laws would be reviewed in parliament imminently. Women have called for the death penalty to be reinstated for perpetrators of violence against women and children and for a state of emergency to be declared. “We are reviewing laws on domestic violence and sexual offences to prioritise the needs and interests of survivors,” Ramaphosa said. “We are going to overhaul and modernise the national register of gender-based violence offenders provided for in the sexual offences act to ensure it is effective in combating gender-based violence. “This national register of offenders will list all the men … [Read more...] about South Africa in a crisis of violence against women, says president
Foreigners living in South Africa have fled for safety from a recent eruption of xenophobic violence in which at least five people have died and shops have been looted and torched. The latest outbreak of anti-immigrant violence in South Africa has been widely blamed on a speech last month by King Goodwill Zwelithini, traditional leader of the Zulu ethnic group, in which he linked foreigners to crime and said they must “take their bags and go”. The king has since claimed his words were misconstrued. Estimates of the number of foreign nationals in South Africa vary from two to five million, among a population of more than 51 million. Following the news of the attacks, South African vehicles were pelted with stones in Mozambique on Friday and South African companies are reportedly being threatened with closure in Nigeria. Protests have been held at various South African embassies across the continent, and several South African musicians have been forced to cancel concerts … [Read more...] about South Africa’s xenophobic attacks: how have they affected you?