Gupta bank closure will lead to job losses - NUM
NUM leadership says the closure of the accounts means the company has no facility to pay salaries to workers
The National Union of Mineworkers (NUM) says the closure of Oakbay bank accounts may lead to a jobs bloodbath. Gupta-linked companies recently lost a court bid to stop the Bank of Baroda from closing their remaining accounts in South Africa.
Speaking during a post national executive committee meeting at its Headquarters in Johannesburg today, the NUM leadership says the closure of the accounts means the company has no facility to pay salaries to workers at Shiva Uranium, Optimum coal and Koornfontein. Tsepiso Makwetla spoke to NUM president Piet Matosa..
LISTEN to the discussion....