Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul: Hamza Farooqui of Vardospan comments on the latest Court developments regarding his attempt to create a 100% owned challenger bank: “The urgent application brought by Vardospan to compel the South Africa Reserve Bank and the Finance Minister to take a decision regarding the applications for permission to purchase the shares in the Habib Overseas Bank, was struck from the roll for a lack of … [Read more...] about Vardospan vision for 100% black-owned bank still alive – Hamza Farooqui in for the long haul
Farooqui
Hamza Farooqui comments on rumour that SARB has recommended banking apartheid is maintained
Hamza Farooqui comments on rumour that SARB has recommended banking apartheid is maintained: On Friday (3 February), Bloomberg News published a story in which it claimed the South African Reserve Bank (SARB) made a recommendation to the Treasury that Vardospan’s bid to create South Africa’s first 100% black-owned bank, should be rejected. If Vardospan were to be successful in its bid to acquire Habib Overseas Bank, it would be a significant first step in ending the banking … [Read more...] about Hamza Farooqui comments on rumour that SARB has recommended banking apartheid is maintained
