Politicians pressured Sarb to help allegedly corrupt figures – governor

South African central bank was told to give banking licence to Gupta family – Kganygago

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Photo: Elske Photography

The Governor of the South African Reserve Bank (Sarb) has said he was put under pressure by the country’s government to give a banking licence to businessmen accused of large-scale corruption.

Lesetja Kganyago said he was asked to take various steps to benefit the Gupta family, in a speech on April 15. The Gupta family has been accused of corruption with former president Jacob Zuma.

Kganyago said that when allegations of corruption started to grow, “commercial banks became unwilling to handle

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