Iqbal Saav, chairman of the media group Independent Media and head of Sekunjaro, will give evidence at the Judicial Commission of Inquiry into the Public Investment Corporation on 2 April 2019.
Gallo Images/Phil Magakoe
Iqbal Saab's Sekunjalo Group has been dealt another blow in its war with South African banks after the Constitutional Court rejected, along with costs, its appeal against a ruling that allowed it to close accounts with three South African banks.
On Monday, the Supreme Court unanimously heard Mr Sekunjalo's challenge to a Competition Appeal Court (CAC) ruling that Standard Bank, Access Bank and Mercantile Bank had failed to establish a prima facie case that they had committed “prohibited conduct” under the Competition Act. Rejected by consensus. Act by closing accounts belonging to your company.
Saab had previously argued that the closure of Sekunjalo Group's bank accounts constituted an abuse of monopoly and/or collusion in violation of competition law, but the CAC was not convinced.
South Africans need to gain knowledge if we want to build a prosperous future. News24 has been keeping the country informed for 25 years and we are entering a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news designed to inform, empower and inspire.
