One of the last banks to offer banking services to the Sekunjalo group of companies has announced it will now cut ties. Standard Bank says it decided to drop Sekunjalo following a client review process. Standard Bank says it has decided to cut its ties to Cape Town businessman Iqbal Survé's Sekunjalo group following a "comprehensive client review process". "We note that the Sekunjalo group is challenging our decision to discontinue the relationship at the high court, which we are opposing." "As many of you are aware, the entire Sekunjalo group has been bullied by the banking cartel," wrote Survé.

Source: News 24 July 19, 2022 22:13 UTC