NEW: SACP Supports Banks’s Withdrawal From Gupta-Owned Company

South African Communist Party (SACP)'s Deputy General Secretary Jeremy Cronin says the party supports the decision of South Africa’s four main banking groups, to withdraw their services from companies owned by the Gupta family.

Cronin says the banks have done the right thing by ending their relationships with companies owned by the Gupta family.

“The withdrawal of the services should not be seen as some imperialist plot as being alleged in certain quarters. We are saying it’s a precautionary move on the part of the bank, but also the stockbroker and KPMG.”


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