20°C / 22°C
  • Mon
  • 29°C
  • 12°C
  • Tue
  • 28°C
  • 13°C
  • Wed
  • 29°C
  • 13°C
  • Thu
  • 28°C
  • 15°C
  • Fri
  • 29°C
  • 15°C
  • Sat
  • 26°C
  • 9°C
  • Mon
  • 21°C
  • 12°C
  • Tue
  • 16°C
  • 12°C
  • Wed
  • 17°C
  • 11°C
  • Thu
  • 17°C
  • 11°C
  • Fri
  • 16°C
  • 11°C
  • Sat
  • 19°C
  • 10°C
  • Mon
  • 32°C
  • 14°C
  • Tue
  • 30°C
  • 16°C
  • Wed
  • 32°C
  • 14°C
  • Thu
  • 30°C
  • 17°C
  • Fri
  • 32°C
  • 16°C
  • Sat
  • 30°C
  • 11°C
  • Mon
  • 32°C
  • 13°C
  • Tue
  • 30°C
  • 16°C
  • Wed
  • 31°C
  • 13°C
  • Thu
  • 31°C
  • 16°C
  • Fri
  • 32°C
  • 17°C
  • Sat
  • 27°C
  • 10°C
  • Mon
  • 22°C
  • 19°C
  • Tue
  • 30°C
  • 20°C
  • Wed
  • 22°C
  • 19°C
  • Thu
  • 24°C
  • 18°C
  • Fri
  • 30°C
  • 16°C
  • Sat
  • 22°C
  • 15°C
  • Mon
  • 19°C
  • 9°C
  • Tue
  • 18°C
  • 14°C
  • Wed
  • 18°C
  • 13°C
  • Thu
  • 20°C
  • 12°C
  • Fri
  • 16°C
  • 12°C
  • Sat
  • 17°C
  • 12°C
  • Mon
  • 24°C
  • 8°C
  • Tue
  • 15°C
  • 9°C
  • Wed
  • 19°C
  • 8°C
  • Thu
  • 20°C
  • 7°C
  • Fri
  • 14°C
  • 7°C
  • Sat
  • 20°C
  • 6°C
  • Mon
  • 19°C
  • 11°C
  • Tue
  • 14°C
  • 11°C
  • Wed
  • 18°C
  • 11°C
  • Thu
  • 18°C
  • 11°C
  • Fri
  • 14°C
  • 10°C
  • Sat
  • 19°C
  • 10°C
  • Mon
  • 33°C
  • 14°C
  • Tue
  • 32°C
  • 16°C
  • Wed
  • 33°C
  • 16°C
  • Thu
  • 32°C
  • 18°C
  • Fri
  • 34°C
  • 16°C
  • Sat
  • 31°C
  • 15°C
  • Mon
  • 29°C
  • 14°C
  • Tue
  • 30°C
  • 14°C
  • Wed
  • 28°C
  • 11°C
  • Thu
  • 32°C
  • 10°C
  • Fri
  • 30°C
  • 11°C
  • Sat
  • 22°C
  • 6°C
  • Mon
  • 29°C
  • 12°C
  • Tue
  • 30°C
  • 13°C
  • Wed
  • 34°C
  • 11°C
  • Thu
  • 28°C
  • 13°C
  • Fri
  • 33°C
  • 13°C
  • Sat
  • 18°C
  • 8°C
  • Mon
  • 21°C
  • 9°C
  • Tue
  • 17°C
  • 12°C
  • Wed
  • 19°C
  • 11°C
  • Thu
  • 23°C
  • 10°C
  • Fri
  • 17°C
  • 11°C
  • Sat
  • 16°C
  • 10°C

Court rules it can’t force Bank of Baroda to stay open

The court found the decision by the Bank of Baroda to exit the South African market cannot be interfered with by the courts.

FILE: Bank of Baroda logo. Picture: Supplied.

PRETORIA - The High Court has ruled it simply cannot force a company to keep its doors open against its will.

This was the ruling handed down in Pretoria in the application brought by about a dozen Gupta-owned companies against the Bank of Baroda.

The companies wanted the Indian-based financial institutional to continue to provide services despite its announcement last month that its halting all local operations.

The court found the decision by the Bank of Baroda to exit the South African market cannot be interfered with by the courts.

The court noted that Nedbank had already terminated its relationship with the Bank of Baroda which used the local bank's infrastructure in order to operate, and it can’t compel Baroda to go back to Nedbank to re-instate the infrastructure.

Furthermore, the court held that the relationship between the bank and the Gupta companies is contractual and the bank is at liberty to terminate this relationship.

(Edited by Winnie Theletsane)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus